Indexes opened down a bit to begin Wednesday – from which dip buyers came in and provided a constant stream of buying until the Federal Reserve minutes were released mid afternoon. We then saw a very quick drop but buyers rushed right back in for a second time on the day and stocks finished out near their highs. The S&P 500 gained 0.25% while the NASDAQ was down 0.02%. Some saw the minutes as “hawkish” but others thought that Janet Yellen would spread her dovish love during her speech Friday at Jackson Hole, Wyoming.Continue reading
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