S&P 500 Rally To Continue On Core PCE Figure

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First 4,136 served as S&P 500 support, then 4,154 – stocks disregarded weak bond market posture, and half of the intraday progress in driving non-tech stocks lower, was lost. Yesterday was special in that the advance-decline line registered over -900 while the 500-strong index rose solidly. The explanation is of course tech AI chase, and NVIDIA Corporation (NASDAQ:NVDA) exuberant guidance based – tech market breadth deteriorated as well, and the stock market leadership became even narrower than it had been in recent weeks and months. What‘s new, is the relief over the debt ceiling 2-year deal …

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