About Last Week

It’s incredible how fast things can change. Just a week ago sentiment was in the toilet. The S&P 500 had declined for three consecutive months for the first time since the pandemic. The selloff was widespread too, with just 1 in 10 large-cap stocks above their 50-day moving averages. Interest rates, especially on the long end, were soaring. And a war had broken out in the Middle East.
All that turned on a dime o…

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