Based on the outcome of the remarkable volatility of trading in the U.S. stock market on 25 August 2015, our rebaselined model of how stock prices work would say that investors are now fully focused on the first quarter of 2016 as they go about setting stock prices.
Just remember, it could be worse. If certain large market-cap weighted firms were to start announcing dividend cuts, then the expected future, and stock prices, will turn south. But don't worry - that likely won't happen until the next earnings season gets underway in October....
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Closing values for previous trading day.
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