What’s Ailing Stocks?
While a U.S. government shutdown is looming on October 1, it is not likely the cause of the weakness in the S&P 500. Instead, our woes stem from the sharp rise in the after-inflation expectations yields since they provide a more potent competitor to stocks.
While a U.S. government shutdown is looming on October 1, it is not likely the cause of the weakness in the S&P 500. Instead, our woes stem from the sharp rise in the after-inflation expectations yields since they provide a more potent competitor to stocks.
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