Wednesday’s record 1,086-point (or +5%) single-day surge in the Dow Jones Industrial Average, and a nearly +5% jump in the S&P 500, might have felt exhilarating for market bulls. However, a look back at price action during past crashes indicates that sharp, sudden...
Undoubtedly, October represented a brutal month for the stock market. The benchmark Dow Jones Industrial Average shed 5.6% during that time, immediately destroying what had been a promising rally. Another factor that didn’t help ease investors’ minds was history. Many...
Never one to back down, President Trump has always cited the rising stock market as confirmation of his success. But with Wednesday’s huge market crash – something we haven’t seen since early February – how will the administration spin this one? Make no mistake: if...
On a day when the markets closed the week on a down note, President Trump announced a stunning result: in the second quarter, the American economy grew at an annualized rate of 4.1%. This figure nearly doubled the 2.2% growth rate that was seen at the beginning of...