A Rather Large Amount Of Hedging.
It was a sensational week for stocks, the best of the year, with prices rising each and every day. In the end, the S&P 500 Large Caps and Russell 2000 Small Caps both rose about 6% for the week and the NASDAQ soared 6.6%. What started life as something of a short term over-sold bounce following a largely gruesome three-month slide gained traction as the week went on, on the back of the fact that there was no interest rate hike from the Fed and earnings reports continued to impress for the most part - but mostly because everywhere you looked, there was Goldilocks economic data pointing to a…
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