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Despite a Hot GDP Number, Stocks Can’t Sustain a Rally

Por: MarketWatch Business October 28, 2023

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The S&P 500 tried hard to rally, just as it had many times over the past few months, but those bounces have almost invariably failed. Some of these mini-rallies since the summer have lasted weeks, only to end at lower levels than the previous one, a theme that repeated itself again. This persistent selling indicates that the market has waning confidence in the economy, in earnings, and in what stocks are really worth. “Sentiment has turned,”... + full article



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