Tariffs and sweeping DOGE cuts have fueled intense volatility as investors' outlook for markets and the economy in 2025 dims.

Stock charts are usually expressed as line charts ... neither the bulls nor the bears are in control. Keep in mind, however, that this pattern can occur inside a broader upside or a downside ...

The chart below from Goldman shows how Chinese stock markets have some of the lowest ... while keeping the bulk of the shares. Thus the control and ownership that U.S. share ownership represents ...