Treasuries Rise, Stocks Fall (Bloomberg)
Lower-than-expected financial earnings discouraged investors, lowering stocks for the day. Meanwhile, Treasuries made a move upwards. “It’s not going to be a straight road up like what we saw in 2013,” Robert Pavlik, chief market strategist at Banyan Partners LLC, said, regarding the markets. “A lot of what we saw in 2013 was predicated on money flowing into the market from the Fed. It’s going to be an upwards revision to earnings consensus this year that will push the market higher.”
