S&P 500 continued rising also through the Wednesday‘s regular session, much to clients‘ satisfaction – so lasting are the consequences of refusal to decline on poor retail sales and PPI Tuesday, that not even three white soldiers on ES daily stood a chance.
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For all the festive mood – Happy Thanksgiving once again – more than a modicum of bullish caution is a good idea for shortened Friday‘s trading, regardless of bonds and volatility still painting a very clear picture. No path – up or down – is typically a straight one.
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