Wang Ying | Xinhua News Agency | Getty ImagesThe market shakeup over the past week has been a healthy one in a historically week month, and the secular bull market is still "alive and well," Bank of America said in a new note.for its fourth negative day in five. The slide over the last week has been led by tech stocks, as the sell-off chopped off some of their recent gains and briefly pulled the Nasdaq Composite into correction territory.
But a closer look at the internal shifts in the markets shows that there is not a reason for alarm, Bank of America said.
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Bank of America says value stocks are 'broken' after worst 10-year performance against growthFor subscribers: Bank of America says value stocks are 'broken' after worst 10-year performance against growth. Check out CNBCPro today. Pro I don’t think w is wrong on this maybe too late but turning point damage may be too far done in haste without thought to repercussions to our society not talking class society where we vote pay taxes males and females males required in war etc on and on member of this society an Pro Or is fed policy broken as they cant get economy running on its own long enough to raise rates? Pro To be broken it would have had to work correctly in the first place. We all know this game is fixed and has never been 'broken'.
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