Category: 2. Strategy
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Stocks Dip or Dump?
Today the markets recovered from a turbulent session. The S&P500 broke below its 200 dma, which is extremely significant because that has only occurred twice in the past 2 ½ years. Remarkably, stocks quickly recovered to close the day back at the midpoint between the 100-200 dma. Risk averse sectors like Utilities and Consumer Staples…