July 01, 2016
It sure was a rough start to 2016 for the stock market. U.S. equity markets recorded their worst start to a year on record. According to the Wall Street Journal, “Stocks and oil prices had dropped together in the first six weeks of 2016, amid worries a downturn in China could export deflationary pressures world-wide. As those concerns eased and the Federal Reserve held back on raising interest rates, risk assets staged just as dramatic a recovery, sending the S&P 500 back into positive territory for the year.”
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