FYI: The stock market is on the mend. After witnessing its worst correction in two years earlier this month, the S&P 500 has shot back up during the past two weeks. From a low of 2,533 on Feb. 9, the index recovered to 2,780 on Feb. 26, putting it up a solid 4.3% for the year.
The interest rate fears that spurred the most recent convulsion in the stock market still linger, but they’ve diminished as the yield on the U.S. 10-year Treasury bond slipped from 2.95% at its high to around 2.87% currently.
Yet while the overall stock market has brushed off interest rate worries for now, two sectors are still paying close attention to every tick in the Treasury market―utilities and real estate.
Regards,
Ted
http://www.etf.com/sections/features-and-news/lagging-reit-utility-etfs-crossroad?nopaging=1
