Higher rates, more volatility

Tahoe Daily Tribune

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Higher rates, more volatility

Stocks and to a lesser degree bonds have had daily swings of a size seldom ever seen. I am almost getting used to them. Almost. Why the volatility? Has the outlook for earnings and interest rates changed? Yes, a little better for the former, and yes a little higher for the latter. There are also valid concerns about Gaza, Iran, Ukraine and Taiwan. Where on the globe are risks falling? Nowhere. No wonder investors are concerned about the outlook.…