The era of ‘bad news is good news’ may finally be over for markets
August is typically a volatile month for stocks, and this one certainly fits the bill. After another rocky session, U.S. stocks on Wednesday finished pretty much where they started. DataTrek Research pointed to a New York Fed research finding that basically all the moves in the S&P 500 going back two decades is tied to the three days around Federal Open Market Committee meetings, and more recently, the Fed’s press conferences and dot plots.
Published:8/8/2019 6:09:03 AM