Market Recap Aug 11, 2015

China moved markets up yesterday and moved markets down today. The S&P 500 fell 0.96% and the NASDAQ 1.27% – both indexes finished a bit off their lows. China continues to wave their magic wand to support markets and the economy as the People’s Bank of China depreciated the yuan by nearly 2%.

The drop in the daily peg to 6.2298 renminbi against the U.S. dollar, down from 6.1162 on…

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