If it feels like the stock market is particularly volatile these days, you’re not wrong, but you’re not exactly right either.

The political backdrop is certainly prompting some wild days. Stocks rose on Tuesday after the U.S. Commerce Department relaxed restrictions on Huawei Technologies that had halted the Chinese phone company’s purchases of U.S.-made parts. Even as negotiations continue, investors saw protectionist policies stemming from the U.S. China trade dispute threatening economic growth, and stocks fell accordingly, led by the tech sector.

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