Stocks Close Sharply Lower Amid Fears of Rising Interest Rates
Stocks closed sharply lower on Friday, clinching the Dow's worst week this year. As investors fear rising interest rates could come as soon as 2022, Philip Blancato, CEP and President at Ladenburg Thalmann Asset Management says the Fed painted itself into a corner and believes we will see a correction in the next 6-8 weeks.
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