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Back Fundamental analysis
Market resumes time-tested strategy
No matter how hard the US
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No matter how hard the US Treasury tried to push down Treasury yields with reverse buyback operations, yield rates surged to their highest level since 2007. But once the Fed tightened monetary policy and demonstrated determination in fighting inflation, Treasury yields moved lower. That was a breath of fresh air for US stocks. The S&P 500 logged its best single-day rally in six weeks, buoyed by gains in tech stocks. Investors resumed the once-popular buy-the-dip strategy and flocked like bees to
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Marek Petkovich,
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