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Economic Analysis

Easy Come, Easy Go Repasse: October 14, 2022

US equity markets, as manifest by the S&P 500, closed Friday at 3583.07, below the technical support of 3600. Last week was full of economic and market drama that forced markets into a violent whipsaw. The week’s extreme moves were accentuated by large positioning and hedging moves as much as altered fundamental states. Economic data show that inflation remains untamed although no longer accelerating.

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