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Ralph Lauren Purple Label / London / England
Junk bond yields are rising more rapidly than Treasury yields are falling. Even investment grade corporate bond yields rising lately. Higher borrowing costs fatal to share buybacks.
It's been a rough week on Wall Street, one of the roughest since 2008. But — and chances are you’ve heard this before — if you have money in the market and are starting to get stressed, the prevailing wisdom is: Don’t panic, just ride it out.
Global markets were down $1.83 trillion today, with the U.S. down $1.33 trillionGlobal markets are down $6.00 trillion over the past 6 days, with the U.S. down $4.01 trillion via @SPGlobal