"You had a condition of being oversold and the catalyst was yields," Truist Co-CIO Keith Lerner told Yahoo Finance. "Yields, in our view was the biggest challenge for this market."than initially expected last Wednesday, and the market interpreted Fed commentary to mean the central bank is done with its historically fast interest rate hiking cycle.
Technology, has once again led the rally, rising more than 7% the last week, the most of any sector. And as Lerner puts it, that brings stocks back to a similar "playbook" that it's followed for much of the year. For most people, becoming a millionaire is nothing but a pie-in-the-sky fantasy. You might imagine finally winning a big jackpot or being notified that a long-lost relative left you a fortune. ...
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