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Are markets misreading economy’s strength?

In April, volatility became the most visible characteristic of the markets, often fluctuating between gains and losses of 1 percent in a single session. Clearly, markets are confused and participants have low future visibility. Some participants worry about a slowdown in the U.S., others are concerned with China’s apparent growth problems, and still others point to high P/E ratios with little or no growth in top line revenues. Falling equity …Read More