Rate-cut expectations have a different impact on $iShares Russell 2000 ETF(IWM)$ vs $S&P 500(.SPX)$ relative to the US yield. Seems to suggest those exposed to the domestic economy are more affected.
via Morgan Stanley
Market Tumbles: Pullback or Start of Reversal?
MAJOR United States indices ended on Tuesday (Mar 5) in a slump, as key tech names lost ground and traders looked ahead to remarks by the central bank chair later in the week. The tech-heavy Nasdaq lost 1.7%, with Apple, Microsoft and Tesla all retreating.
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Is this only a small pullback, or the start of a reversal for the whole market?
Are you bullish or bearish now?
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