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Calm on Wall Street Amid Fears of Looming Storms
The piece notes a rare calm in markets with the S&P 500 fluctuating under 1 percent for 46 straight days, while Yellen signals recovery. It quotes Citi group and Michael Lewitt warning calm may hide risk, with junk bonds selling and leveraged buying increasing despite signs of instability. Citigroup’s Taking It To The Streets cites political turmoil driven by middle classes and online mobilization.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Baghdad
China
Russia
Egypt
Thailand
Standard and Poor
Federal Reserve
Janet Yellen
U.S
Robert Buckland
Citigroup
Yellen
Michael Lewitt
Credit Strategist Group