Stocks were so volatile in August they gave Wall Street a collective case of whiplash.
, widely considered to be the best fear gauge on Wall Street, traded as high as 24.81 in August before pulling back to around 18.
"It's not just normal volatility. You've had this spike in these all-or-nothing trading days," said Willie Delwiche, investment strategist at Baird. "Whether or not this continues, from a headline perspective, I don't see a reason why it doesn't."with President Donald Trump announcing in a tweet that an additional 10% tariff will be placed on $300 billion in Chinese imports starting Sept. 1.
Stocks tried to stabilize after the sharp decline after the U.S. said it would delay some tariffs on certain goods from China. However, the upbeat sentiment in the market was short-lived as the 10-year Treasury yield fell below its 2-year counterpart.
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