While bond yields have some investors concerned about a squeeze on stocks, others are second-guessing whether low market volatility is too good to be true. Qontigo Managing Director of Applied Research Melissa Brown analyzes the relationship between equities and volatility levels. "Low correlation between stocks tends to drive volatility down, but it's not clear to me, correlations have gone up and volatility has still stayed relatively muted," Brown says to Yahoo Finance, adding: "But then we see some bad news comes out, the already negative sentiment starts to kick in. And then you have everybody heading for the doors because it doesn't look like they've been expecting this bad news that may be coming out." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
While bond yields have some investors concerned about a squeeze on stocks, others are second-guessing whether low market volatility is too good to be true. Qontigo Managing Director of Applied Research Melissa Brown analyzes the relationship between equities and volatility levels.
"Low correlation between stocks tends to drive volatility down, but it's not clear to me, correlations have gone up and volatility has still stayed relatively muted," Brown says to Yahoo Finance, adding: "But then we see some bad news comes out, the already negative sentiment starts to kick in. And then you have everybody heading for the doors because it doesn't look like they've been expecting this bad news that may be coming out."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
T-Mobile CEO Mike Sievert says the carrier is focused on taking market share from rivals Verizon and AT&T. He also talks about investing in its 5G service to meet surging demand. He is on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Scholastic Inc. will end a widely criticized policy that made it easier for school book fairs not to sell works with racial, disability and LGBTQ+ themes. Poet Amanda Gorman, whose “Change Sings” was among the titles in “Share Every Story,” had said in an Instagram video that Scholastic's decision “felt like a betrayal.” Scholastic had said the policy, which will remain in place for the rest of the year, was a response to the proliferation of restrictions passed by states around the country.
A lot of stocks are being dumped today, but not those of America's big waste haulers. Shares of WM, formerly known as Waste Management, are leading the sold-off S&P 500, gaining nearly 6% on better-than-expected quarterly earnings. Rival Republic Services is along for the ride, rising almost 3% compared with a decline of more than 1% in the broader stock index.
Many investors have watched in awe as the stock market has risen alongside government bond yields for much of 2023. Many expected a continued rise in government bond yields to spark volatility in stocks. Raheel Siddiqui, senior investment strategist at Neuberger Berman, says he's closely tracking yields on triple-B bonds.
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