TheStreet's Jill Malandrino and Bob Lang discuss the spike in volatility on July 31 and August 1, reminiscent of what was seen in April. At that point the S&P dropped close to 55 handles, but it was recovered in six days. With GDP numbers coming in better than expected at 4%, the current environment differs from that of a few months ago and potential Fed tapering could spook investors into a “good news is bad news” reaction. Lang believes the market will remain range bound, barring any major macro events.

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