And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead.
Friday marked the seventh time in the last 10 days that the S&P 500 swung by at least 1%, something that hasn't happened since the end of 2018, the last time investors were getting worried about a possible recession. At that time, they were concerned about rising interest rates, along with the trade war.
But Roland and other professional investors also caution that this kind of turmoil is actually normal for the market, when looking at it from a very long-term point of view. The U.S. stock market historically has had such bursts of tightly packed volatile days, interspersed between longer periods of calm. Since early 2009, whenever the S&P 500 has had a drop of 3% in a day, it either preceded or followed another such drop within a month 70% of the time.
Technology companies and banks did the most to drive Friday's broad rally as investors regained some appetite for riskier holdings. Utilities, which have been one of the safer havens for investors this month, lagged the market.
Good thing the market isn't twerking or investors would be getting shafted.
So when Russia collusion doesn’t work, try the race card, and when that doesn’t work, try pushing the narrative that there’s an upcoming recession despite ZERO evidence, all to stop realDonaldTrump re-election! So obvious CTV. 🙄 Wuite pathetic actually!
the headline has much to unload, I see 😳