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

Good Evening,

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 the close. Stocks ended up closing near their highs of the day. There is a Fed meeting on September ...