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Early Tuesday morning, stocks looked poised to stage a 'Turnaround Tuesday' rally as tariff negotiation hopes ran high.
By the end of trading on Wall Street, those hopes had been dashed.
"At the slightest whiff of good news, people come roaring back in because that FOMO [fear of missing out] never goes away," Interactive Brokers chief strategist Steven Sosnick told Yahoo Finance Tuesday morning as markets soared.
"It's always there. No one, no one ever wants to miss a rally."
At session high...
>>> Read more: Trump's China tariffs send stocks tumbling as 'FOMO' rally fades, S&P 500 closes at lowest level in a year
By the end of trading on Wall Street, those hopes had been dashed.
"At the slightest whiff of good news, people come roaring back in because that FOMO [fear of missing out] never goes away," Interactive Brokers chief strategist Steven Sosnick told Yahoo Finance Tuesday morning as markets soared.
"It's always there. No one, no one ever wants to miss a rally."
At session high...
>>> Read more: Trump's China tariffs send stocks tumbling as 'FOMO' rally fades, S&P 500 closes at lowest level in a year
