FYI: U.S. stocks plummeted 5.2% last week, and European markets held up only slightly better. The Stoxx Europe 600 index gave up 5%, cutting its 12-month gain to about 1%. Strategists pinned the drop in part on the need for a healthy correction after the run-up of the past few months, and on rising bond yields, which ticked up on signs of impending inflation. The higher yields lured money out of equities.
Regards,
Ted
http://www.cetusnews.com/business/Europe’s-Stock-Selloff--From-Overdue-to-Overdone.SJDL1kAe28M.html
