It’s a wacky Wednesday. The rates dropped then raised twice again, so we are back to almost yesterday’s closing.
I’m hoping tomorrow will be a calm day. Here’s a post from CNN today.
The Dow plunged more than 350 points shortly after the opening bell Wednesday while the S&P 500 and Nasdaq each dropped more than 2%.
Stocks rebounded later in the morning but the sell-off worsened as the day wore on. The Dow was down more than 400 points by mid-afternoon.
Strangely enough though, it seems that investors are still bullish on America in spite of the market volatility. They are doubling down their bets on U.S. Treasury bonds.
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