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Last week was somewhat of an anomaly in recent market history. The volatility index surged to levels last seen in March 2023 during the US regional banking crisis.
The Nasdaq was up 26% mid-July since January 2024 and the S&P 500 index was up more than 18% over the same period.
Every now and then markets hit a serious wobble that forces the question: What is going on? And what should we do about it? The past week was one of those occasions.
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