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What moved the market

Dec 7, 2018 - Australian Financial Review

S&P 500

While President Donald Trump's comments on Tuesday may have contributed to the market downturn in trade-sensitive sectors such as car producers and semiconductors, it doesn't explain why US financial stocks performed just as badly. "That seems instead to have been a response to the further flattening of the yield curve, driven by a belief that Fed tightening will start to take a toll on economic activity before long," said Capital Economics markets economist Hubert de Barochez.

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