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BLOOMBERG Bloomberg Markets June 3, 2016

Even the initial drop was not a huge one, not even 1 . All three major averages are down. The dow is down 30 points. At one point, it was down about 100 points. Iscould be worse, i guess, the way to look at the averages. This is despite the job report coming in much weaker than estimated, and on top of that, we got a Services Report that was weaker than estimated, showing the slowest expansion last month going back to 2014. Interesting phenomenon we are seeing. Take a look at the groups on the move to see what is supporting the gains we are seeing. It looks like it has to do with the drop we are seeing in bond yields. Utilities are up and Telecom Stocks are up, and those tend to be the groups that benefit when yields are lower. Consumer staples also representing the defensive groups. Financials are far and away the worstperforming group. Look at what is happening with the ba ....

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JPMorgan CEO warns of interest rate hike jump to 7%

JPMorgan CEO, Jamie Dimon, warns of interest rate hike to 7% amidst the looming threat of stagflation. ....

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