getty
The U.S. stock market appears to be at a key inflection point. Optimism surrounding potential fed interest rate cuts in September is battling recession fears. Adding to the mix is the upcoming U.S. presidential elections, which with its twists and turns is starting to resemble a soap opera. For the most part, investors are ignoring the steady drumbeat of election noise, but market volatility seems to be the prevailing theme. Last week had its worst upheavals as the Dow Jones Industrial Average started the week by diving 1000 points and the S&P 500 fell 3% on a single day, representing a 10% decline from recent highs, while the Nasdaq Composite lost 13% from its 52-week highs. This raised concerns of the higher-for-longer interest rate environment introducing threats to the economy. However, market experts realized that unwinding of yen trades by hedge funds had caused the…
