Surging rates and stuck equities

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

NEVER MISS THE NEWS THAT MATTERS MOST

ZEROHEDGE DIRECTLY TO YOUR INBOX

Receive a daily recap featuring a curated list of must-read stories.

Want more of the news you won't get anywhere else?

Login

Surging rates and stuck equities

NEVER MISS THE NEWS THAT MATTERS MOST

ZEROHEDGE DIRECTLY TO YOUR INBOX

Want more of the news you won't get anywhere else?

Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.

European Equities Hold Firm as Growth Stabilizes and Valuations Remain Reasonable

With gross leverage now at 99th percentile highs, risk appetite is back

Today's Top Stories

Beijing Furious After Europe Uses "International Procurement Instrument" For First Time In Escalating Trade War With China

55 Tons Of Meth Ingredient From China Bound For Mexican Drug Cartel Seized In California

White House Sends Congress $9.4 Billion In DOGE Cuts After Musk Rages Against 'Big Beautiful Bill'

Everyone Was Just Doing Their Job: How Specialization Enables Systemic Evil

Palantir Co-Founder Joe Lonsdale & Former Exec Refute NYT Report Warning Over Surveillance 'Master List'

America's 21st Century Fighter Gap

Is This Stunning Censorship A Glimpse Into Our Own Future?

899: The Three Scariest Numbers On Wall Street, And Who Is Most Exposed To Trump's "Revenge Tax"

South Florida Emerges As Epicenter Of Housing Weakness

Will Human Error Hand AI The Key To Our Destruction?