On the SPOT™ blog (03/28/2023) [U..]
This morning, the economic data does not seem to provide a definite direction for investors. Dow and S&P seem to be fluctuating and Nasdaq seems to be in the red as tech profit taking might be on after a strong tech rally this year. There might also be some recession fears amid rising interest rates as economic data showed that home prices fell in January (7th straight month of price drops), trade deficit for goods grew in February and consumer confidence improved (more than expected) in March.
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