Markets in the US and Australia have recently seen some aggressive selling. The unemployment rate in the US hit a 17 year low of 4.1%, and this caused bond yields to spike higher. The combination of strong employment and bond markets anticipating an interest rate hike sent the market into a selling frenzy. These strong US employment numbers could mean high wage demands and rising inflation which unsettled equity investors. Rising wage pressure may hinder company profits due to increased …

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