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Weekly Market Recap Jun 09, 2019

TedTed
in The Bullpen
FYI: This week saw the official return of “bad news is good news” as the more bad news means more Federal Reserve intervention. Economic data was poor and the markets cheered it on, as Jerome Powell rode to the rescue Tuesday on his white stallion and after his now famous “patience” line in late 2018 led to a massive 20%+ rally we have “act as appropriate to sustain the expansion”. Translated – the interest rate cuts are coming. Tuesday’s performance was the market’s best since January 4th.
Regards,
Ted
https://www.stocktrader.com/2019/06/10/weekly-market-recap-jun-09-2019/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Stocktrading101+(StockTradingToGo)
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