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A small group of giant companies now dominate US stock market returns, as investors resign themselves to higher rates from the Federal Reserve next month. John Authers reports.
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Stag is a certainty, either in the form of stagflation or stagnation, according to UBS’s Lutfey Siddiqi. He tells John Authers why and also explains that technology may not help avoid this gloomy outlook and could even make it worse.
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John Authers explains why surprising US employment data have left the market pricing a rate rise next month as a virtual certainty.
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