At issue for many investors is the trajectory of the US economy. — Reuters
NEW YORK: A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in US stocks.
Following months of placid trading, US stock volatility has surged this month as a run of alarming data coincided with the unwinding of a massive, yen-fuelled carry trade to deal equities their worst selloff of the year. The S&P 500 is still down around 6% from a record high set last month, even after making up ground in a series of rallies after Monday’s crushing selloff.
