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Last week’s news was hardly uplifting for financial markets, but the S&P rallied 1.56% on Friday to close the week up 1.17%. Year-to-date the S&P is up 15.46% which is consistent with the historical average for year-3 of a presidential election cycle. Paul...
Last week financial markets were boosted by the Fed’s decision not to raise interest rates, the October employment report being weaker than expected, and longer-term interest rates declining. The Fed didn’t raise rates last Wednesday, and the post meeting press...
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