Last week was “stress test” of sorts for equity markets. The combination of “hot” ISM, coupled with Fed members (Kashkari) speaking of no cuts (even hikes) in 2024 and the very “hot” jobs report, swayed many pundits to turn cautious. Stocks fell -1% last week and the S&P 500 briefly fell below the 50 DMA (day moving average). But to…
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