Markets Continue to Oscillate Wildly

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Markets continued to oscillate wildly as fears of the economic growth prospects in Europe and Asia weighed heavily on investors; last week saw both the biggest one-day gain for the DJIA in 2014 as well as the biggest one-day loss. The Nasdaq delivered its poorest weekly performance since 2012, and European stocks fared even worse. The CBOE Volatility Index touched the highest level since December 2012, while yield on the benchmark ten-year Treasury fell to a 16-month low near 2.28% before recovering somewhat.

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