Markets Will Continue Their Tug of War
(Bloomberg Opinion) -- Once in a while, a single week seems to perfectly illustrate the main forces in markets. Last week did just that for stocks, highlighting two sets of competing influences that are unlikely to dissipate any time soon and have important investment implications. The day after the U.S. midterm elections, Nov. 7, was the most notable of last week’s swings. The Dow Jones Industrial Average was up more than 500 points, or 2.1 percent, the Nasdaq Composite rose 2.6 percent, and the S&P 500 Index gained 2.2 percent. The ...
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