The “too far, too fast” narrative continued to permeate air waves today as broad-based selling overtook equity markets into the close. The selling started early on and continued, after investors received more dovish employment data in the form of softer ADP, higher productivity, and lower unit labor costs. Investors weighed both sides -----the negative implications for EPS with softening growth and cooler inflation, vs. the bullish possibility of lower yields, broadening breadth and corporate r…
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