The gains in the stock market have been steady, but deep plunges in stock prices like Nvidia's highlight underlying volatility despite the S&P 500's overall climb.
More than a third of the stocks in the index are below their year's highest level, while over half are above their lowest, with some companies swinging both ways.
Investors need to look beyond the surface rally of the S&P 500 to see the significant market turbulence and volatility that exists beneath the calm appearance.
The intense fervor for artificial intelligence markets and the impact of inflation slowdown have painted a positive picture of the economy, but the reality shows underlying issues.
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