The market is under some selling pressure in early trading led by weakness in the financial sector.Merrill Lynch (MER) downgraded Fannie (FNM) and Freddie (FRE) to Sell, citing weak credit trends. Also, a popular analyst said that another dividend cut is likely at Citi (C). This has the financials down over -1.0% so far.There were some favorable revisions to the recent PPI inflation figures, which is a good sign after the elevated CPI readings. The 10-year yi[...]
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[Source: The Money Blogs]
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