Following the September jobs report, it is obvious the recovery still will be months and that gives room for the Fed’s strategy to “go-slow” to work out. The market choppiness today is not unexpected. Investors were positioned for the market to climb after the September jobs numbers. When that failed, they didn’t want to “get out” but they also didn’t want to risk fresh capital into stocks. That means the index would trade in choppy fashion.
The individual stats on the markets into the mid-afternoon today still suggest that we may have seen the bottom, on Wednesday of the current week.
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