Recent Volatility Indicates a Base Formation: Top 5 Picks

U.S. stock markets suffered a bloody blow in the first week of August after 19 months of an impressive bull run. Wall Street’s turmoil was triggered by weak labor market data, which heightened concerns of a near-term recession. The massive unwinding of Yen-carry trade due to an unexpected rate hike by the Bank of Japan aggravated the situation. However, U.S. stock markets recovered their lost ground to a great extent within the next 3-4 trading sessions as more released data showed the fundamentals of the U ...