U.S. stocks
have continued their recent volatility this week investor among hopes of an
extended low interest rate environment countered by fears of a global economic
downturn, particularly in Europe. On Wednesday, stocks roared to their biggest
gains year-to-date, when Fed minutes showed more pessimistic outlook than
before. However, Thursday’s session reversed Wednesday’s big rally when the Dow
Jones Industrial Average dipped more than 300 points.
The market
appears to be going through a period of discovery where the upcoming earning
season can mitigate the uncertainty to shift investor focus to a more micro
view from the current macro concerns.
