FYI: The reversal in, well, everything continued on Tuesday. Stocks across the globe finished sharply lower and so did bond prices. Recent market action continues to be dominated by the sell off in the Treasury and Bund markets. You might never pin down a specific trigger, but it seems that amorphous concerns about the eventuality of a Federal Reserve rate hike have manifested like an F4-power tornado. It’s spilling into growth-focused stocks, including small caps. The sickness also is spreading to yield-oriented defensive stocks. Much is riding on Friday’s April jobs report from the Labor Department. Markets are skittish for the first time in a while, and a red-hot reading on jobs growth might cause a full-blown case of Fed-related jitters.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/05/05/etf-market-vital-signs-cinco-de-mayo-the-sea-was-angry-that-day/tab/print/
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