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Does the Sell-Off Imply Market Repositioning for Lower Growth?

Annie Gilroy
Does the Sell-Off Imply Market Repositioning for Lower Growth?

The Dow Jones Industrial Average Index (DIA) tumbled more than 800 points yesterday as Treasury yields (TLT) (AGG) continued their upward march. Rising bond yields and signs of firming inflation have spooked investors. Investors worry that because the era of near-zero rates has ended, companies’ margins might get squeezed.