No Rush.
It was a very busy week with some huge earnings reports painting a somewhat mixed but on balance positive picture, a Fed interest rate meeting that pushed back hard against Wall Street interest rate cut expectations, a sudden resurrection of regional bank concerns and an astonishing Jobs Report that indicated that the economy is on fire right now. All this kept traders on their toes, but the final outcome was yet another positive week for U.S. stocks which ended Friday back at more new all-time highs.
Coming off a weekend of increased Middle East tension and the apparent final confirmation of…
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