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Once again all those rushing for riskier yield are getting pummeled, especially in 3rd world foreign investments that brokers have been pushing. We will see if the downturn continues. This will have to do with Treasury auctions and the dollar. If the dollar falls and treasury auctions push up yields we are probably looking at another leg down. Otherwise, I think things will begin to stabilize unless a trade war erupts or if the government shuts down again but with no clear solution to reopen.
The tax cut without cuts in spending are already hurting, especially since Democrats and Republicans are both fighting for more spending on top of the stimulus (that's what it is).