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The S&P 500 rallied an impressive 3.29% — much more pleasant than the -3.90% selloff one week ago, although some additional volume would have been welcome.
Friday will be interesting. It's the end of the week, the end of the month, and the starting point for a three-day weekend. Today's close was fractionally below the 200-day moving average, which will also add a bit of drama to Friday's action. Will the 200-MA offer resistance? We'll soon find out.
For a review of performance by weekday over the past decade, see Manic-Depressive Mondays.
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