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" ... After starting the year with a selloff, the market turned things around Tuesday thanks in part to leadership from the small-cap RUT and so-called “value” sectors like Energy and Financials. The RUT outpaced every other major index, gaining nearly 2% after a 2020 that saw it recover from early weakness to have a better year than the large-cap S&P 500 Index (SPX). ... "
" ... Despite the year starting on a down note for Wall Street, yesterday’s selloff wasn’t necessarily the worst thing that could have happened. ... "
" ... This bond selloff, if that’s what it is, couldn’t come at a better time for the Financial sector. It’s been burdened since March by historically low rates that eat into bank profits, and now, just ahead of next week’s earnings season for the sector, maybe the headwind is dying down a little. ... "