Dow plummets on Walmart's disappointing numbers. Costco lays people off. Treasury rates reach two year high. Uh-oh.
"The Dow saw its first back-to-back triple-digit drop since June 19-20,
when it tumbled nearly 560 points. That swoon was sparked by the Federal
Reserve, which said after its June meeting that it would start dialing
down its market-friendly bond-buying program later this year if the
economy and jobs market continue to improve."
That doesn't sound like the economy is improving to me.
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