Review & Preview: So Long, Selloff

Friday saw the Nasdaq Composite post its largest one-day point decline on record, but stocks were already bouncing back to start the week. The S&P 500 added 0.3% and the Nasdaq Composite rose 0.9%. “After the strength of the recent rally, a pullback in markets was to be expected,” writes Ulrike Hoffmann-Burchardi, CIO Americas and global head of equities, UBS Chief Investment Office.