Look like a lot of folks bailing out today—not only of common stocks but income issues as well.
Seldom do we see such widespread selling–everywhere you look. Preferreds and baby bonds are off 1%–this on the back of interest rates moving a few basis points higher. It doesn’t not appear that the move is really on concerns of current interest rates–but maybe an anticipation of continued inflation prompting a move by the Fed in the next couple of months.
There is quite a bit of blabbing going on about either inflation or what some consider to be irresponsible Fed policy (too loose).
I am watching closely–on this page you can ‘toggle’ to ‘losers’ and you will see how losers are totally overwhelming gainers today–a sea of red.