Trying to Make Sense of the Nonsensical
08/14/2019
In the last 11 trading days, the DOW has been up more than 300 points three times, and down approximately 2,500 points the other eight days. This wild volatility in stocks is affecting bond yields which have been jumping up and down (mostly down) for much of the last month. Yesterday’s equity rally was a direct result of the President’s decision to delay more than half of the latest round of Chinese tariffs until mid-December.
