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Barclays says US stock market pullback in August was a buyers strike

Barclays on the losses for US stocks this month:says the August pullback was more due to ‘buyer’s strike’, a lack of buying by traders rather than reducing exposure to risk. “The August pull-back was more due to buyers’ strike than a broad de-risking” “Sentiment and technicals retreated from stretched July levels amid low summer volumes. Although active managers’ exposure is back down to average, market downside and erratic price action were more due to a lack of buyers than a broad de-risking”... Read More

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Content Topics

Barclays

Says

Stock

Market

Pullback

August

Buyers

Strike

Forex

Posted: Aug 30 2023, 21:22

Author Name: forexlive

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