A bout of volatility returned to financial markets with a vengeance last week, disrupting a nearly uninterrupted climb to records for U.S. stock indexes and raising questions about the path for Wall Street headed into a hornet’s nest of challenges for investors.
Perhaps, the overarching question is, “What the heck just happened to equity markets in the 48 hours after the S&P 500 index
and Nasdaq Composite Index
on Wednesday notched their 22nd and 43rd closing records of 2020 respectively, and the Dow
scored its first finish above 29,000 since February, bringing it within 2% of…