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A cartoon portrayal on the subject of inflation. Bettmann Archive The downward path for the stock market in the first three days of the New Year was interrupted by over a 2% Friday gain in most of the major averages. That was enough to erase the weekly losses but the reaction of many was that…

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Studying Charts getty The ability of the Dow Jones Industrials to rally from being down 850 points in Thursday’s session to close down just 350 brightened the outlook for Friday’s session. All of the market averages, even the tech-heavy Nasdaq 100, were higher on Friday. Last week’s action caused some surprising improvements in the overall…

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Watch for the Warning Signs getty The rally failure after Tuesday’s sharply higher open set the tone for the week and it was not the holiday gift that most were expecting. In fact, the data compiled by Bank of America revealed that investors “added $25 billion of fresh money to US stocks in the week…

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Holiday inflation and rising Christmas shopping prices. getty The heavy selling in the bank stocks early last week set the tone for the overall stock market as I pointed out in Friday’s analysis of the financial stocks. A deeper look at the overall market and Friday’s weak close is starting to indicate that the rally…

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Stock market and business investment candlestick chart getty The crypto collapse of FTX hobbled the stock market rally heading into the Thursday CPI report after stocks rallied on Monday and Tuesday. The over 2% decline in the Nasdaq Composite and S&P 500 on Wednesday stirred an increase in bearish activity. It was also a rough…

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Bull and Bear standing on a Seesaw getty Before the monthly jobs report on Friday it seemed that only a weaker-than-expected jobs report might boost stocks. After the sharp market reversal on Wednesday in reaction to Fed Chairman Powell’s comments stocks were hit hard again from Thursday’s open. The S&P 500 dropped below the widely…

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Reversals getty The stock market, in a record-breaking year for market volatility, exceeded the wildest expectations last week. According to Bespoke Investment Group the S&P 500 on Thursday “had dropped nearly 4% from its pre-market highs before staging an epic rally of 5%.” They point out that this has only happened nine times since 1983.…

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