Finally a strong day in the market. The Dow had its biggest point gain (+286) since 2002, though we know its all about percentage moves, not points.Nonetheless, the SPX led the way today, rising +2.4%. The Nasdaq gained +1.4%. But it was the financials that were really strong. The bank index vaulted +5.4%, followed by the brokers which rallied +3.8%. Volume was very strong also. Some of this could have been short covering ahead of the FOMC meeting tomorrow. It’s tough to gauge what the Fed could s[...]
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[Source: The Money Blogs]
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