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The S&P 500 fell 5% in a very bad week for stocks.  Those 20 lost up to 24%.

The S&P 500 fell 5% in a very bad week for stocks. Those 20 lost up to 24%.

US stocks spat on Friday to end the week in the red. The day’s declines of less than 1% for the broad indices paled in comparison to Tuesday’s, when they fell 4% to 5%. For the week, the Dow Jones Industrial Average DJIA was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark …

The S&P 500 fell 5% in a very bad week for stocks. Those 20 lost up to 24%. Read More »

Another 27% drop in the S&P 500 could happen if inflation hawks are right, Goldman Sachs team warns

Another 27% drop in the S&P 500 could happen if inflation hawks are right, Goldman Sachs team warns

Not exactly TGIF this Friday. What the seller is slowly realizing is not only that the Fed is going to be aggressive in September after the shocking latest inflation figure, but that the central bank will have to hold rates higher and for longer. The British pound GBPUSD, -0.45%, in some ways a proxy for …

Another 27% drop in the S&P 500 could happen if inflation hawks are right, Goldman Sachs team warns Read More »