Market Has First Week Up After Three Down, Dollar Reversal Spurs Risk Rally In Equities

FS Insight Team

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Stocks ended up this week up after three straight weeks down. Shortly after opening, the S&P 500 moved above its 100-day moving average. It was a risk-on rally led by Communication Services, Energy, Technology, and Consumer Discretionary respectively. The Nasdaq outperformed and Bitcoin also took off, climbing about 10%. The Russell 2000 also outperformed this week. The dollar retreated from recent highs and the 10-yr retreated earlier in the day and then went back up into ...

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