Telecom, tobacco, utility and real estate stocks are getting crushed lately now that it looks like the Federal Reserve is getting ready to raise rates again. Why? Investors don't need the safety of big dividends if bond yields are going up.
Crude oil prices are now up 12% since OPEC reached an understanding to cut output for the first time in eight years. Crude's latest milestone came on Thursday as it hit $50 for the first time since late June.
After a steady diet of Donald Trump and Hillary Clinton, and given all the heat atop the tickets, Mike Pence and Tim Kaine were supposed to represent a scuffle between '70s sitcom dads. It didn't turn out that way.