Was last week’s holiday shortened trade give-back a prelude to a larger retrace? This is the questions traders are asking this weekend. While losses were mild in the S&P 500 (SPY -0.7% on the week), they were more pronounced in the Russell 2000. In contrast, the Dow Jones closed higher still, making for an interesting juxtaposition of oversold and overbought for the IWM and DIA, respectively. Enjoy your weekend, and don’t forget we have the first FOMC rate decision of the new year next week.
Never Investment Advice
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