U.S Stocks Take It On The Chin As Fed Threatens To Take Away QE; Oil Tanks Again
Posted on February 21, 2013 at 14:29 PM EST
After a pretty resilient rally since President Obama’s reelection last year, U.S. stocks have taken it on the chin over the past few trading sessions. Several factors have conspired to throw equities off including the Bernanke Fed growing increasingly hawkish, weakness across the commodities market, and disappointing guidance from bellwether Wal-Mart.
After a pretty resilient rally since President Obama’s reelection last year, U.S. stocks have taken it on the chin over the past few trading sessions.  Several factors have conspired to throw equities off including the Bernanke Fed growing increasingly hawkish, weakness across the commodities market, and disappointing guidance from bellwether Wal-Mart.
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