2024-04-29 00:39:43 ET
Summary
- The S&P 500 experienced a mini-correction after 279 days without a 2% pullback but rallied recently due to strong earnings reports.
- Market participants sold stocks due to three consecutive months of high inflation, but GDP components showed strong consumer spending and business investment.
- The upcoming FOMC Meeting and Powell's announcement may cause uncertainty, causing a sell-off, but earnings reports and a strong economy suggest a relief rally.
Magnificent 7, is now the Super 6, and on the way to the Fantastic 5, then there were 4
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Buy The Sell-Off Into The FOMC Meeting, Stay With Tech