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S&P 500 Ends Week Flat, Friday Action Led By Small Caps

The market took a somewhat volatile and meandering path this week to close essentially flat. The S&P 500 closed at 4,180.17 which was ever so slightly down from the 4,185.47 it closed at last Friday which was an all-time-high. It looked like going into the close we might close at a third consecutive ATH on Friday in a row, but the tape ended just short. Thursday saw a good old fashioned Capital Gains scare that seemed to continue carrying over to crypto into Friday. You’ll be happy to hear

The market took a somewhat volatile and meandering path this week to close essentially flat. The S&P 500 closed at 4,180.17 which was ever so slightly down from the 4,185.47 it closed at last Friday which was an all-time-high. It looked like going into the close we might close at a third consecutive ATH on Friday in a row, but the tape ended just short. Thursday saw a good old fashioned Capital Gains scare that seemed to continue carrying over to crypto into Friday. You’ll be happy to hear our veteran Washington Policy Chief Tom Block discuss his reasoning on why he thinks you won’t be seeing that rate move anywhere anytime soon. The disproportionate power of moderates given the closely divided House and Senate is Wall Street’s friend in this case.

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