What Shaped the Stock Market's $3 Trillion Trauma
- S&P 500 posts best week since 2013 even as yields increase
- Daily volume at Goldman Sachs’s buyback unit shot up last week
Stocks Rebound to Cap Best Week in 5 Years
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Want a neat narrative? There isn’t one. Stocks buckled, $3 trillion was lost, then just as quickly, roughly half of it came back. Nothing quite explains every little twist and turn. Much of it remains a blur. But there are clues to be gleaned from the behavior of buyers and sellers.
Several key facts stand out. One: a very large sum of money was plowed into equities amid January’s euphoria. Two: even more was yanked out as shares plunged. Three: corporate buyers showed up in force at the bottom.