Major indices and stocks retreated last week as S&P 500, Nasdaq and Dow ended their winning streaks. The current rally is starting to run out of a little steam.
It seems like investors are starting to digest the possibility of more interest-rate hikes and starting to take J Powell seriously.
Anyway, here’s the key question: is this pullback a healthy one, or is something bigger brewing?
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Vanguard S&P 500 ETF (VOO.US)$ $iShares Russell 2000 ETF (IWM.US)$ $Dow Jones Industrial Average (.DJI.US)$ $NASDAQ 100 Index (.NDX.US)$ $USD (USDindex.FX)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (META.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$

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