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US equity selling intensifies as risk aversion broadens
It's been awhile since there was a genuinely bad day for US equities but today is heading in that direction. There is talk of heavy selling on rebalancing flows into quarter end. That same thing could be putting a bid into bonds today.You also have investors worried about a market that's moved too far too fast. At the open today, the S&P 500 was just 8% away from a new all-time high.J.P. Morgan expects asset managers and pension funds to sell $150 billion of equities into quarter end in rebalanc...
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Posted: Jun 20 2023, 14:29
Author Name: forexlive
Views: 081177