Corporate Earnings & Bond Yields Have a Tug of War

Last week was a measured action against extremes. The downturn in U.S. equities last week ended a streak of 404 trading days without a 5% pullback in stock prices from the previous high. That marked the longest such streak in market history, an extreme.   The S&P 500 closed on Friday at 2619.55, rallying 1.5%…...

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