Treasuries rose with the yield on 10-year notes dropping to the lowest level in almost a week as traders bet the declines after a stronger-than-forecast employment report were overdone as the pace of the recovery remains uneven.
U.S. stocks dropped from a record, led by declines in small-cap companies, as analysts brought forward estimates for the Federal Reserve to raise interest rates. Commodities slumped as oil and metals retreated.
They say it’s a good idea to check in on elderly loved ones during the hot summer months. And after the rough spring they had, it’s probably also a good idea to check in on loved ones managing equity hedge-funds.