The S&P 500 has risen steadily since a tumble in early April alongside the Trump administration's major tariff announcement. But returns of more than 8% year-to-date (YTD) after a sharp decline at the start of the second quarter may obscure broad uncertainty in the market.
Investors saw this in late July as the benchmark index briefly shuddered in response to the latest Fed decision to maintain interest rates amid sticky inflation and pressure from the president.
