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20% correction in US equities ahead: Pro

Monday, 7 Apr 2014 | 1:45 AM ET

Michael Gallagher, director of research at IdeaGlobal, says the reality of the end of quantitative easing in the U.S. and the timing of the first rate hike will cause a repricing in Treasurys and a 10-20 percent correction in U.S. equities.