Another plain vanilla pullback today. Are you getting irritable?? Investors must embrace volatility as it provides opportunities. Look at the chart above, recent pullbacks have brought the market right into the middle of the bollinger bands - and those have been excellent times to buy. Interest rate discussion has been brought to the forefront the past few sessions as the 10 Year U.S. Govt bond has approached the 5% level. The European Central Bank (ECB) also raised interest rates 1/4 point this week. It appears market sentiment has swung from waiting for the fed to lower rates to one that expects the fed to RAISE rates now. We've been here before, as the market has vacillated between seeking a fed cut to a fed hike, back to a fed cut. And stocks have chugged higher nonetheless.
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