Markets Stage Comeback with Second Rally Attempt Underway: Stocks to Watch

Stocks appear to be staging a reversal on Wednesday, reclaiming more ground after Tuesday’s first rally attempt. The gains come on the heels of a three-day rout that took out a substantial portion of this year’s market gains.A sharp rise in the Japanese Yen against the US dollar ignited an unwinding of what’s referred to as a “carry trade,” whereby speculators who borrowed money at Japan’s near-zero interest rates to buy US risk assets rushed to liquidate their holdings.In the years leading up to the 2008 f ...