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Stocks try to recover
On Friday, the S&P 500 nearly closed 20% lower from its all-time high in January signifying a bear market. However, a late-day rally pushed the index into the green. Today, the market once again went upwards. J.P. Morgan announced that it will reach a key performance target this year in a switch from earlier this…
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Finding Solitude in Oil?
The world is a crazy place right now. The US stock market is no different. The S&P 500 is down almost 9% YTD while the Nasdaq is down more than 14%. However, not all firms have suffered losses in value in 2022. The Energy Select Sector SPDR Fund (XLE) is up nearly 19% for the…
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January Recovery?
For a market rally to take shape, there should be some positive news on multiple fronts. One of which would be the Omicron variant which has caused volatility for the markets for much of the beginning of 2022.The Omicron variant is one of the most concerning to date due to its transmissibility. However, South Africa,…