Risk Bites Back

It had to end eventually. Or is this just one more pause in an ongoing bull market? If only we knew. What is clear is the S&P 500 Index took a beating in the final two trading days of this week, although it managed to claw back some of the losses in the final hours of trading. By today’s close (Sep. 4), this benchmark was down 4.5% from Wednesday’s record high and off 2.3% for the week—the first weekly decline for the S&P since mid-July.

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