Investors’ doused sentiment around rate cuts leaks into market for munis, which posted their worst record since September.
Tech ETFs have hoovered up some $9B so far this year as investors embrace the idea of megacaps’ endurance through economic cycles.
The central bank will announce rates decision Wednesday.
Momentum traders to buy equities even if market drops: Goldman.
Even if the Fed starts rate cuts, long-term yields are likely to stay high.
Noel Quinn has announced retirement after only five years as CEO.
Following a 13 percent advance this year, the price of the yellow metal wavered as traders weigh the odds of harmful rate hikes.
Data show amped-up net buying in sector through long positions and short-covering even amid a slide in S&P 500 IT index.
But they are also positioning for the potential for multiple rate cuts.
The banking group is being challenged over a takeover in 2010.
