“Transitory Inflation” Gains Credibility with Wall Street

Even though the market ended the week with an impressive two-day rally underscored by the superior performance of large-cap tech and small-cap stocks, it was not enough to prevent a weekly loss. In lieu of this, a few new insights were learned about the character of this market or its cycle:

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Sit Tight to Wait and See

Market Moving Event: News and information normally regarded as market drivers had little impact today. The overwhelming majority of companies reporting positive earnings surprises nor the upbeat housing and consumer confidence data were…

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