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Year: 2023

1/23/23 Flipping Sector Sentiment — Communication is In

News: On Friday, Markets opened green and struggled to find a seller. The major indexes climbed throughout the day and closed at their highs. The “risk-on” Nasdaq led the way… There was no clear catalyst. But strong buying on a Friday shows the market has little fear of uncertainty. The first option’s expiration of the …

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1/20/23 It’s Expiration Day: Default Looms & Wednesday Delivers

News: Stocks fell for a second day on Wall Street. The U.S. government has officially reached its debt ceiling near $31.4 trillion. The Treasury Department is now deploying “extraordinary measures” to stave off a default. According to the Wall Street Journal, lawmakers have about five months until bondholders wouldn’t be paid. Stocks reached their low …

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1/19/23 Heavy Metals, Inflation & Falling Resistance

News: Markets opened green after the latest PPI numbers showed inflation cooling at its fastest rate since the pandemic began. The report showed prices were lower than expectations, fueling the case that on inflation, the worst is behind us. The market’s gains, however, were short-lived.  In the end, the major indexes settled sharply lower.. Sector …

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1/18/23 Sached

News: Markets struggled to find a direction on Tuesday. In the end, the major indexes settle mostly flat. The notable outlier was the Dow Jones.  The broader view was mixed. 46% of stocks rose while 50% declined. Sector Round Up The sectors reflected the market. 5 of 11 sectors ended the day in the green. …

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