It Was an Unlucky Week to Throw $8.8 Billion at the Stock Market [Fortune]
Bryn Mawr Bank Corporation (BMTC)
Last bryn mawr bank corporation earnings: 4/20 05:15 pm
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Source: Fortune
One week doesn’t make a market cycle. Investors who just poured almost $9 billion into U.S. equities can take comfort in that. Not that this was such a bad one. Small-cap stocks, in particular, acquitted themselves well, even as 10-year Treasury yields soared to a seven-year high. But for most companies, the specter of rising rates was too much to bear, and the S&P 500 Index had its biggest drop since early April. In a bull run powering through its 10th year, market timing has become an onerous task. One week stocks are climbing to reflect a stellar pace of earnings growth. The next they’re in the red as yields jump and trade talks with China stall. The cost is less to the wallet than the psyche, after two years of uninterrupted gains. “It’s really more of a no man’s land area, is how I look at this — in other words, not definitively good or bad,” said Jason Browne, chief investment strategist at FundX Investment Group. “It’s too early to fully jump on board, for lack
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