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Interest rate angst trips up U.S. equity bull market
For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market. On Friday, stocks took their biggest pounding since September 2016, before U.S. President Donald Trump was elected, after the U.S. government's monthly payrolls report showed the biggest wage gains for workers since 2009. With central banks having taken extraordinary measures to combat the financial crisis, driving interest rates to record lows and making safe assets like U.S. Treasuries a scarcity, investors of all stripes were forced to turn to equities.
https://finance.yahoo.com/news/interest-rate-angst-trips-u-004859871.html?.tsrc=rss
For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market. On Friday, stocks took their biggest pounding since September 2016, before U.S. President Donald Trump was elected, after the U.S. government's monthly payrolls report showed the biggest wage gains for workers since 2009. With central banks having taken extraordinary measures to combat the financial crisis, driving interest rates to record lows and making safe assets like U.S. Treasuries a scarcity, investors of all stripes were forced to turn to equities.
https://finance.yahoo.com/news/interest-rate-angst-trips-u-004859871.html?.tsrc=rss
