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Stocks rally in the face of "overbought" cries

The major indices are closing sharply higher with the NASDAQ index leading the way. That index never moved into negative territory helped by hopes for a soft landing. The lowest the index reached was +66.6 points (oh not that number). US PPI data came in weaker than expectations at -0.5%. The core PPI was fell -0.1%. The YoY PPI Final demand tumbled to 2.7%. The initial jobless claims also showed weakness suggesting that jobs market is starting to weaken.The gains in stocks come as analyst ch... Read More

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Content Topics

Stocks

Rally

Face

Overbought

Cries

overbought

Forex

Posted: Apr 13 2023, 20:25

Author Name: forexlive

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