Chinese markets were down heavily overnight following a sharp drop off in foreign direct investment. Chinese foreign direct investment, a major part of the country’s GDP, fell to a 0.6% annual rate in August from 24.1% in the month
Stocks closed on the plus side for the third straight day even though the FOMC is expected to ease up on the accelerator after the conclusion of its policy meeting.
Rising interest rates have had the predictable consequence of weighing on an array of income generating asset classes and sectors, including MLPs and REITs. At the sector level, those vulnerable to soaring Treasury yields include consumer