Losses in banks, health care and household goods companies accounted for a big portion of the selling. A late-day slide erased early strength in tech and consumer names.
SUMMARY: I sense some nervousness in the Street about the level of stock prices. I have been uneasy for a number of days, since I felt a major upward extension of the rally that
New all-time highs again? Feeling like you better go all-in? That’s a normal human reaction to a “teaser” market that has edged up relentlessly for nine days
Focus on High ROIC Businesses in a Stormy Market — Part 2