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New York Community Bancorp stock plunged for a second day Thursday after the regional bank reported a surprise loss, and wrote down bad real-estate loans.
While some are convinced that the Federal Reserve has steered the economy to a soft landing, stocks haven't been the better for it over the past month.
Tech has surged, the Fed is well into a tightening cycle, and yields on fixed-income securities have risen materially. Luckily, this is 2023, not 2000, and.