FYI:
Regards,
Ted
— The stock market has finally found something to fear.
For more than a year, investors have brushed off bombastic talk about nuclear war, dysfunction on Capitol Hill and other worrisome situations. The Dow Jones industrial average and the Standard & Poor’s 500 glided to record after record, with few hiccups.
This week, the calm cracked. The stock market finally got spooked by an ongoing sell-off in bonds. As bond prices fall, their yields go up, a signal of rising interest rates. Low interest rates have been an underpinning of the current bull market in stocks, now in its ninth year.
https://www.denverpost.com/2018/02/03/stock-market-fears-sell-off-of-bonds/
