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Dow Nosedives: 10-Day Losing Streak Alarms Investors
Much of the recent nosedive is due to the most recent projections from the Federal Reserve that predicted fewer interest rate cuts than the market was expecting. Investors still grapple with the fact that much higher borrowing costs and tighter financial conditions are going to weigh on equities in a world that has had to shift on the fly to a monetary policy tightening paradigm that was a surprise to many.
