Earnings have been a little underwhelming. And US bond yields have shot up and that technically, obviously and that has added to a rich valuation. All these three factors are obviously creating what they are creating right now in the market
Global Market Today: Asian stocks rise as Fed rate-hike bets ease
MSCI’s Asia Pacific equities gauge climbed 0.3%, led by South Korea’s benchmark after Fed Governor Christopher Waller said he would support keeping rates steady if