Markets Experience Best And Worst Days Since 2022: What's Next In Wall Street's Rollercoaster Ride?
Portfolio Pulse from Hayden Buckfire
Last week, the SPDR S&P 500 ETF Trust (SPY) and NASDAQ Invesco QQQ Trust (QQQ) experienced significant volatility, with dramatic market swings driven by macroeconomic uncertainty and a weak July jobs report. The S&P 500 had its best and worst days since 2022, reflecting investor anxiety over recession fears and the collapse of the yen carry trade. Historical precedents suggest that such volatility may continue, especially with upcoming macroeconomic indicators, company earnings, Federal Reserve decisions, and geopolitical conflicts. The 2024 election year is also expected to contribute to market volatility.
August 12, 2024 | 2:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The NASDAQ Invesco QQQ Trust (QQQ) saw even larger swings than SPY last week, reflecting heightened investor anxiety over macroeconomic uncertainty and recession fears.
The QQQ experienced heightened volatility due to macroeconomic uncertainty and recession fears. Historical patterns suggest that such volatility may persist, especially with upcoming economic indicators and the 2024 election year.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) experienced significant volatility last week, with its largest drop since September 2022 and its best day since November 2022. This was driven by a weak July jobs report and macroeconomic uncertainty.
The SPY experienced significant volatility due to macroeconomic factors and a weak jobs report. Historical precedents suggest that such volatility may continue, especially with upcoming economic indicators and the 2024 election year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100