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The incredible rally in stocks continues

The incredible rally in stocks continues

The S&P 500 has extended its gain to 1% and the Nasdaq is now up by 1.6%.

The touted downtrend in the S&P 500 is breaking along with the 4000 level and the index is rising further above the 200-day moving average.

It's tough to contextualize what's happening here. The market is surely pricing in a softer Fed and Waller's comments on Friday are a part of that but it's also pricing in a soft landing and those two things are tough to square.

Overall, my sense is the market is... Read More

Posted: Jan 23 2023, 16:06
Author Name: forexlive
Views: 110670

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