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After four failed rallies this year, the October rally is the fifth attempt to recover from this year’s bear market. We see some encouraging signs, but only time will tell if this October rally holds.
The pressure from inflation and recession fears made June the worst month for the market this year.
In May we saw extremes in both directions of the market.
May we remember their sacrifice today. Our freedom is ours because some paid a great price. We can never forget.
The choppy back and forth action continues like a tug of war between buyers and sellers.
The S& P 500 closes the month of March 10% higher than its lowest point this year set on February 24th.