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Back to School: Answers to our Most Frequently Asked Questions
A series of Trump-trade-tweet-induced drawdowns knocked the wind out of the market’s run-up to fresh, all-time highs in late-July (the S&P 500 Index closed at 3,025 on July 26, 2019). In spite of this, August’s market action proved to be a relatively range-bound affair capped by a welcomed advance into the Labor Day holiday. For the year, stocks remain well ahead of their lower, 2019 calendar year closing prices (with the S&P 500 Index up 18.5% year to date as of this writing). This move notwithstanding, investors have become increasingly focused on the (presumably) increased prospects that the economy could enter into recession sooner than they had previously thought...
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