NEW YORK ( TheStreet) -- The stock market needs to rally significantly Friday to avoid the spread of "QE Fatigue" to additional equity averages and to ETFs that represent stock market sectors. The cause of this contagion is weaker-than-expected earnings reports as companies miss on the bottom line, or lower forward earnings guidance.Stocks are not fundamentally cheap. At www.ValuEngine.com we show 11 of 16 sectors are overvalued, six by double-digit percentages: construction by 18.5%, medical by 12.6%, finance by 11.7%, retail-wholesale by 11.6%, consumer staples by 11.3% and utilities by 11%.
QE Fatigue Spreads on Weak Earnings
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