After hitting a peak on the first trading day of May, U.S. stocks were once again caught in the trade drama.
It’s no secret low-cost ETFs are big business for BlackRock Inc.
“Intraday reversals atop key support strongly suggest that the week-long 2% pullback is over," the firm said in a note titled "Rational Exuberance."
Friday is a long time ago. The weekend’s events have reshuffled the global deck and traders are once again looking toward haven assets.