According to Bloomberg News, the French economic meltdown was just one of three primary events that caused investors to sell equity positions worldwide during December - Brexit uncertainty and a significant slowdown in China joined the French turmoil to form the perfect storm.
December's global equity selloff included U.S. preferred stocks, pushing average prices down by $0.67 throughout the month. That price drop pushed up preferred stock yields substantially (now at 7.36%), delivering a spectacular end-of-year bonus to today's preferred stock buyers...
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December's global equity selloff included U.S. preferred stocks, pushing average prices down by $0.67 throughout the month. That price drop pushed up preferred stock yields substantially (now at 7.36%), delivering a spectacular end-of-year bonus to today's preferred stock buyers...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button by my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
