The financial sector has been weak while the rest of the market rallies — something that happened before the last big bear markets.
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The financial sector has been weak while the rest of the market rallies — something that happened before the last big bear markets.
(Bloomberg) -- The dollar wraps up Wednesday at the weakest level since February as investors are hopeful of the imminent end to the US-Iran war. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksDOJ Plans Intervention in Trump Supreme Court Carroll AppealTrump Pauses Plan to Guide Ships While Seeking Iran DealA gauge of the dollar fell 0.6%
(Bloomberg) -- Investor worries over higher energy prices and elections that look to be disastrous for the government pushed the UK’s long-term borrowing costs to the highest level since 1998 this week. The pound wasn’t fazed.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksDOJ Plans Intervention in Trump Supreme Court Carroll AppealTrump P
Wells Fargo strategists say some factors that have been driving the market higher are played out.