The Dow Jones Industrial Average (DJIA) had a 537-point trading range, even though the blue chip index lost only 11 points by the close. “The S&P 500 will have its worst year since 2008,” said Michael Batnick, managing partner at Ritholtz Wealth Management. Of course, not all his predictions came true — for instance, he said the Fed would end up cutting rates by the end of the year — but still that’s a better track record than many. Read More...
The Dow Jones Industrial Average (DJIA) had a 537-point trading range, even though the blue chip index lost only 11 points by the close. “The S&P 500 will have its worst year since 2008,” said Michael Batnick, managing partner at Ritholtz Wealth Management. Of course, not all his predictions came true — for instance, he said the Fed would end up cutting rates by the end of the year — but still that’s a better track record than many.
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