The Dow Barely Squeezes Into the Green
Today's financial recap and tomorrow's financial outlook.
These stocks had run up enormously into late April, so perhaps they were due for profit-taking, but it's likely that investors are bracing themselves for higher interest rates due to increasing speculation that the Fed may reduce the scale of its stimulus measures.
This is putting pressure on many income producing investment instruments. Junk bonds would be another example, as they had a very positive start to the year, but they have been selling off as of late.
Tuesday's Financial Outlook
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