The recent rally ground to a halt as “nervous Nelly” amateur investors took profits, which is typical of them. Most stocks declined on the week.
Analytics suggest the pullback in stock prices is not reason for selling long positions now, just a pause.
For us it was one of those “giveback” weeks.
There are concerns that manufacturing is declining globally, and many other countries did raise their interest rates again, but institutions did not appear to be among the sellers.
A generally forgettable week to move on from.
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