Don’t Mistake Market Calm for Being Out of the Woods

Is the fuss all over? February’s sharp fall in stocks has faded, with the S&P 500 only 3% below its January peak and up 4% for the year. The rise in Treasury yields has paused and corporate-bond spreads are still tight.

But now isn’t the time to get comfortable with the apparent calm.

The underlying economic picture in March is muddier... Nguồn: