Wall Street is inching higher following another big selloff a day earlier, spurred by worries over the ripple effects from President Donald Trump’s tariffs.
As economic uncertainty has spawned a stock market sell-off, one of investors' favorite trades of the past two years is going through its own rerating of expectations.
Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight.