Fabricor/drama
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13d ago#7340378
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"The market is expensive and I think Powell's speech last night basically saying that Fed officials don't need to rush to lower rates, that's probably the main reason why we're selling off specifically today," John Davi, CEO and CIO at Astoria Advisors, said by phone. "The higher rates go, the more equity risk premiums tilt more in the favor of bonds."
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