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3 Pricey Stocks Billionaire Money Managers Sold Ahead of Wall Street's Historic Volatility
Some of Wall Street's most-popular stocks were sent to the chopping block by prominent asset managers prior to the market's wild gyrations.
Every so often, Wall Street reminds investors that stocks don't move higher in a straight line. Sometimes, these reminders are anything but subtle.
Over the last two weeks, investors have witnessed volatility akin to the COVID-19 crash of February-March 2020, as well as during the height of the financial crisis in 2008. On one end of the spectrum, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all logged their largest individual point gains on April 9 since their respective inceptions.
Conversely, these indexes have endured some of their largest nominal point declines on record following President Donald Trump's April 2nd Liberation Day tariff announcement.
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