Markets…current causes?

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https://www.stocktrades.ca/premium/rising-bond-yields-the-current-state-of-the-markets/

Recovery? Not sure. It's too hard to tell right now. The markets need to settle down and form some sort of bottom on the growth end.

In reality, the overall markets are not doing that bad. If you've got a solid foundation built in terms of blue-chip companies generating strong cash flows (see Foundational Stocks or Dividend Bull List) those stocks should be performing well through this.