Author: John Pugliano
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Stock Market Pullback: In Context 251012
Renewed fears of a trade war with China triggered a significant decline in most markets. On Friday the media emphasized the immense 2.7% daily drop in the S&P 500. But noise (and media distortions) can be smoothed out by comparing daily or even weekly closing prices, rather than focusing on intraday highs and lows. From…