Stocks are Retweeting Bonds
- Posted by Joshua M Brown, June 19th, 2013 at 3:56 pm
- Comments: 0
So this is interesting...bonds resume their sell-off after the FOMC plays coy on tapering. Stocks follow suit.
The same correction we've been in has now continued - led by fixed income and "bond-like stocks".
Note the high dividend payers getting clocked along with the bond markets.
Energy and Materials are the very best performers! What's that about? Well, they weren't bought by bond people, I can tell you that much.
To be continued...
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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