After The Market’s Worst Day In Decades, Where Do We Go From Here?
It has been worse. The roughly 10 percent drop in U.S. indexes yesterday was only half as bad as the daily drop on Oct. 19, 1987. The S&P 500 is back to where it was in January 2019. Other markets have retrenched even further. Much of the gains made since President Trump took office have evaporated. His approval rating tends to move in line with the markets, an association…
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