FYI: For a few minutes, anyway, investors had permission to put the traumas of February and March behind them in stocks. Then Washington crashed the party and the celebration went back on ice.
The S&P 500 has come virtually straight down after peeking above its Jan. 26 high around midday Tuesday, as the legal entanglements of two former aides to President Donald Trump drained the market of cheer. More reversal than rout, the downdraft was still a blow for bulls who’ve waited six months to call the correction over.
Regards,
Ted
https://www.fa-mag.com/news/bears-on-the-run-again-as-buoyant-s-p-500-busts-calls-for-a-top-40423.html?print
