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Week Ending 9/13: Stocks and Bonds Both Enjoy Gains
SPY surged another 2% this week, now up 3.5% for September. Back above 20% YTD. No distributions this week; in fact, none so far this month. Momentum looks good.
Bonds too did well, finally. AGG up 0.4% for week. Big accumulation on September 11th, where AGG gained 0.3% on nearly three times normal volume. Still had distribution on Thursday, the third this month. Remains below both 50 and 200 day averages.
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