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Market Turmoil Breaks Years of Junk Debt Outperformance in EM

(Bloomberg) -- A plunge in global risk appetite is pushing emerging-market investors into higher quality dollar bonds, signaling a years-long rally in junk debt from developing nations might be at an end. Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltICE Eyes Massive California Tent Facility Amid Space ConstraintsThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCMoney ma

Big Tech Stocks at Cheapest in Months Fail to Entice Wary Buyers

(Bloomberg) -- In the recent market selloff, the valuations of big technology companies have fallen from the lofty heights. Many traders, though, are betting that the declines may well have further to go, and recent history offers evidence to back them up. Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltICE Eyes Massive California Tent Facility Amid Space ConstraintsThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from Congress