What Panic? Stocks Are Quickly on Their Way Back to Record Highs

What You Need To Know

• The recent selloff hit a relatively small slice of the market.
• The S&P 500 has already recovered all of its August decline and is now just 2.2% away from its mid-July record high.
• On the other hand, the economic risk that the Fed has waited too long to start cutting rates hasn't gone away.