Today’s Chart of the Day was shared on Twitter by Luke Kawa of Bloomberg (@LJKawa). It is a chart of the S&P 500 futures this week. Luke cleverly sums up this week's price action as Meltdown Monday, Turnaround Tuesday and Whiplash Wednesday. Monday we saw the S&P 500 drop by nearly 3%. Tuesday the index rebounded about 1.30%. Today, (Wednesday) the index went from being down as much as 1.95% to closing higher on the day by 0.08%. This chart speaks to the rollercoaster ride that US investors have experienced so far this week. In the comments of his tweet, Luke jokes that he's "praying for a Tranquil Thursday and Flat Friday."
Chart of the Day - Wednesday, August 7th 2019
August 7, 2019
