A toxic mix of private-credit panic and climbing bond yields is hammering financial stocks
A toxic brew of climbing bond yields and a broadening panic about the stability of private-credit lenders has helped push the S&P 500 financial services sector to its lowest level since May.
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The financial sector is sending some spooky technical signals about the stock market
Broken trendlines and a looming ‘death cross’ pattern bode badly for the financial sector, and therefore the rest of the stock market.
By Tomi Kilgore
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