The last week has been a roller coaster for investors. After a huge selloff on Monday and Tuesday, the Dow turned on a dime and posted its best two day point gain in its more than 100 year history.
The broader market S&P 500 was down 8.1% YTD as of Tuesday but gained 6.3% in the following two days, erasing much of the damage. That is why it is unfortunate to read that between 8/19 and 8/26 investors pulled an all-time record high out of global equity funds (according to EPFR Global data). Tuesday's outflow alone was $19 billion, the second largest one day outflow since 2007.
"Investors without a plan panicked and tried to avoid further carnage but instead missed out on a spectacular rebound. The market volatility is not over. The U.S. economy is doing fine but global growth is fragile, oil company earnings are struggling and a Fed rate hike is looming", says Voya Global.


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