6 Stocks With Clear Price Dislocations That I Purchased During Wall Street's Historic Volatility
Though the stock market is still historically pricey, a few phenomenal bargains have cropped up.
The old idiom "blink, and you'll miss it" might be the best descriptor of the historic volatility we've witnessed on Wall Street over the trailing week, as of this writing on April 9.
The two trading days that closed out the previous week (April 3 and April 4) were some of the roughest on record for optimists. The benchmark S&P 500 lost 10.5% of its value in two days, which is its fifth-biggest two-day downdraft in 75 years! As for the Dow Jones Industrial Average, it neared a 4,600-point pullback spanning four sessions (April 3 through April 8).
On Wednesday, April 9, President Donald Trump temporarily reversed course on his tariff policies that were roiling the stock market and lowered tariffs to a flat 10% for most countries over the next 90 days (China not included). April 9 marked the largest single-session point increases for the Dow Jones Industrial Average (2,963 points), S&P 500 (474 points), and Nasdaq Composite (1,857 points), in their respective histories.
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