It remains a time for caution. After a brief flurry of optimism this Monday the rest of the week went quite badly. Friday the indexes opened mixed, sold off until mid day, tried to rally til mid afternoon, and then a flurry of selling into the close. Not great. The S&P 500 fell 1.30% and the NASDAQ 1.03%. A lower than expected fourth quarter gross domestic product hurt the market. Now we have to see if this is a hiccup or the beginning of a new trend. The number especially stunk considering the tailwind lower energy prices gave the consumer.Continue reading
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