Two Stocks for a Mid-Year Correction
Conflict and confusion struck the financial markets last week, introducing the first major themes of the second quarter. It started on Tuesday, with the release of Federal Reserve minutes that postponed QE3 into the indefinite future, and ended with Friday's surprising weak March job report. In between, the European debt crisis made an unwelcome reappearance in a poorly received Spanish bond auction.
It will take weeks to sort out the impact of these market movers, because we don't know if the employment data marked a new trend or an aberration, and the Fed is a slow-moving vehicle that won't rely on a single data point. We also can't tell if European bond yields will now moderate or head back to the crisis levels we saw last summer....517 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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