With the balance of House and Senate majorities at risk in the looming November mid-terms, the stakes of that outcome could not be higher for the WH Administration. We certainly shouldn’t expect any coordinated central bank policy or calming voices from the Trump administration anytime soon.
Broad-based selling on Wednesday and Thursday sent the Dow Jones Industrial Average down more than 1,300 points in two sessions, shattering months of steady rises in major indexes. On Friday, the Dow recovered some territory, rising 287.16 points, or 1.1%, to 25339.99.
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