August has been a rollercoaster for investors, as trade tensions and fears of a recession injected uncertainty into global markets.
After much back and forth between the U.S. and China, the two nations expressed optimism and a willingness to come to a trade deal on Thursday.Yet on Sunday, the U.S. is still scheduled to slap 15% tariffs on select Chinese goods in another escalation of the more than year-long trade war.
Even as President Donald Trump said he would delay key consumer items from the list being affected this weekend, some apparel and household goods will still be impacted.
So far this month, the S&P 500 and Dow tumbled nearly 2%, while the Nasdaq sank by around 2%. Meanwhile, investors continued to flock toward safe haven assets such as gold. The precious metal jumped 8% in August.
High volatility contributed to the high quality of the day trading alerts this month.More