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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDems' Mueller-Infused Impeachment Cry Roils the Stock Market
By CCN: A surprise statement and resignation from special counsel Robert Mueller did little to help the wobbling stock market on Wednesday. The Dow briefly fell beneath 25,000 before rallying to back to 25,126, down 221 points for the day. Meanwhile, the Nasdaq closed down 0.79%. Mueller made it clear he did not exonerate the President but had no valid court to try him in. This appeared to be another trigger for stock declines alongside the bond yield sell-off,
https://www.google.com/amp/s/www.ccn.com/dems-mueller-impeachment-stock-market/amp
Wall Street is not the American people.
Fuck 'em.
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Dems' Mueller-Infused Impeachment Cry Roils the Stock Market (Original Post)
orangecrush
May 2019
OP
A HERETIC I AM
(24,396 posts)1. The writers at CCN need a little better grasp of nomenclature
As the expression bond yield sell off makes no sense.
They used that term and put a hyperlink to a Bloomberg story on Yahoo! Finance that does NOT use the term.
You cant sell off yield.
Yields fell not because there was a sell off, rather a rally on bonds occurred, running prices up and as a consequence yields went down.
orangecrush
(19,778 posts)2. Thank you
I enjoy your posts greatly, but I do not understand financial terms.
malaise
(269,890 posts)3. They should explain yesterday or last week
Fuck 'em.
orangecrush
(19,778 posts)4. Agree.