By all measure, this week should have been data driven. It saw a plethora of important economic data and, for the most part, it was good. A variety of data came in strong and above expectations. This scenario should have sent stocks on a trajectory, however, the ride was anything but smooth.
Continued concerns about the fate of the U.S.-China trade deal weighed on the markets, while the next Brexit vote crimped enthusiasm for global equities. Additional poor data from developed markets overseas also put investors on edge and increased volatility.
Here at home, key Dow Jones industrial stock Boeing (BA) was hit hard after several international flight agencies grounded its 737 aircraft after a fatal crash in Ethiopia. Given the way the Dow is weighted became a big hurdle for traders to overcome. Mixed earnings also proved to be a big hurdle for traders.
At the end of the week, stocks rose. But that rise was anything but a straight line higher. All in all, volatility remains a huge issue for investors.
Be sure to check out our previous Wrap here, when stocks headed lower on no trade news.
