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About face. Stocks jumped yesterday as China fixed its currency at the weakest point since 2007, but not as bad as the market was expecting. China’s greater-than-expected currency fixing combined with better-than-expected export data eased trade jitters and stock traders celebrated by bringing...

Crazy hazy days of summer. Stocks swung wildly yesterday opening in the red and clawing their way into the black. Fears of global economic slowdown brought on by central bank easing gave way to dip buying.

Temporary relief of pressure. Stocks rallied yesterday, breaking a losing streak, as China quelled fears and sellers were exhausted. China’s promise to keep the Yuan from falling further gave traders the cue to buy the dip.

Counterpunch! Risk assets were trounced yesterday in response to some aggressive moves by China. China fought back and traders finally opened their eyes to the reality of a trade war.

Wrong way! Stocks sold off on Friday, despite solid employment figures, in response to trade tensions brought on by Trump’s newest tariff threat. Employment numbers coming in largely as expected were not enough to divert attention away from a deteriorating trade situation with China.

Trade tirade! Markets, basking in the warmth of Wednesday’s interest rate cut, got the rug pulled out from under them with a new threat of tariffs on China. Stocks spent the first half of yesterday’s session in the black until Trump’s surprise tariff tweet sent them into a tailspin pushing indexes...