Tuesday 26, February 2013 by Russ Koesterich

Market gains will be tougher to come by

For much of 2013, stock markets either have been moving up strongly or have been relatively quiet. That trend changed last week, with stocks dropping sharply in the middle of the week. The catalysts for the selloff appeared to be concerns (triggered by the release of the latest Fed minutes) over how long the Federal Reserve would remain engaged in its asset-purchase program as well as additional evidence that higher taxes are dragging down growth.

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