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On the SPOT™ blog (03/30/2023) [M..]

All three major US indices finished the day in green. This might be because there were no new failures in the banking sector and weekly employment data showed that unemployment claims jumped last week and this jump was higher than expected. This might mean that the jobs market is showing signs of cooling which might add to the current sentiment of Feds stopping the rate hike campaign -- although I think that is too early to speculate. In any case, no news is good news right now. Semis in particular have done well lately.

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