Wall Street humbled as fast-reversing markets confound the pros
Sun, Apr 28, 2024 10:06 AM

Wall Street humbled as fast-reversing markets confound the pros

A Flip by Avya Verma
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With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.“Stick to value stocks,” the Pacific Investment Management co-founder posted Thursday morning on X, formerly known as Twitter.

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