The last time US government bonds sold off this much as the Fed started cutting interest rates, Alan Greenspan was orchestrating a rare soft landing.
The broadening of the stock market rally has become a crucial theme during the second half of 2024.
LPL Financial has named Rich Steinmeier as its permanent CEO, a role he takes on three weeks after the board dismissed former CEO Dan Arnold.
Exposure to the S&P 500 has reached levels that were followed by a 10% slump in the past, according to Citigroup Inc. strategists.