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Are we having earnings déjà vu all over again?
Let’s review:
Last quarter the market hit a hiccup in the end of June, sold off from a June-closing high of 944 in the S&P 500 index, down to 880 as we entered Q2 earnings.
This quarter the market has retraced from a high of 1071 [...]
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The results were not pretty just 90 minutes after the market opening this morning. The market seems to be replaying the 1st of September with more than a 1.5% decline in the S&P 500 index and a 2% decline in the technology NDX index.
The ISM (Institute for Supply Management) manufacturing index declined 0.3 percentage points [...]
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