Stocks are having their second big day of gains.
That’s the good news.
The bad news: BANKS! They continue to fade. JPM is off over 1%. Bank of America is down 0.37%. Citi is down 0.1%. Goldman is off about half a per cent. Hard to feel too good, when investors keep dumping them like the plague.
Here’s a medium-term look at the S&P 500. Chart nerds might note the recent bounce from that small red line at the bottom — the 200-day moving average that so many people focus on.
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