An otherwise sleepy week awoke with a jolt on Friday, following China’s announcement of restrictions on the selling of rare-earth minerals and susbequent tariff threats. Within minutes, SPX dropped 80 points from 6,750 to 6,670 – well below our risk-off level at 6,700. The market closed down 2.7% for the day at 6,553. This sharp pullback was severe, […]
