Stocks have stumbled badly in recent days. A sharp sell-off late last week left the Dow Jones index in the red for the year. The S&P 500 posted its worst weekly fall in two years, a slide of 2.6%. The pan-European FTSE Eurofirst 300 index slid by almost 3% last week to a four-month low.
Markets have been able to shrug off a wide array of problems so far this year, says Randall Forsyth in Barron’s. These include China’s banking system; the Isis insurgency in Iraq; the Ukraine crisis and sanctions on Russia; and Gaza. “Excluded from [...]