Natixis: The Bears, the Bulls & the only game in town - equities

Equity volatility returned in late March, if only for a few days. On fears of an impending trade war between the US and China, among other reasons, equities lost roughly 5% over eight days, shedding nearly $4 trillion in global market cap. Soon thereafter, markets reassessed the likelihood and impact of such a trade war and immediately bid up stocks with the S&P 500® regaining almost 3% in one day.