FYI: Volatility continued this week as #TRADEWARS(tm) rhetoric continued – more rhetoric than action, but traders got antsy again. Monday and Friday saw significant drawdowns, while the middle of the week saw positive returns. That said Wednesday was quite the day with a big swing from losses to gains – doubt we had a single day like that in all of 2017! Also of note: the S&P 500 fell below it’s 200 day moving average on Monday for the first time since June 2016 — #BREXIT!! The S&P 500 fell 1.4% on the week, while the NASDAQ dropped 2.1%.
Regards,
Ted
https://www.stocktrader.com/2018/04/08/weekly-market-recap-apr-8-2017/
