While this episode may lack the pandemic’s shock, it makes up for it in the sheer number of cross-currents.
That big of a divergence has prevailed only one other time in the past decade at this time of year: just after the tumultuous selloff of March 2020. Meanwhile, once-sleepy companies like Walmart Inc suddenly went wild, and consumer staples plunged more than 8%, defying the industry’s reputation as a haven during market turmoil.
All round weird
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As bear market looms, battered Wall Street seeks elusive ‘Fed put’NEW YORK, May 21 — The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street,...
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As bear market looms, battered Wall Street seeks elusive ‘Fed put’NEW YORK, May 21 — The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street,...
더 많은 것을 읽으십시오 »