Pockets of Strength and General Confusion in Markets, as the Economy Tries To Open Up
The market closed 1% lower this week, the third week of decline. It is a tad below the level it was on in the week-ending 9th April. In effect, the major indices have gone nowhere in a month and a half of trading. This, of course, does not capture the fact that during this period, it has been up 10% on hopes of a fiscal stimulus and then down by a similar amount when such hopes were belied....
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