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Writer's pictureSalyl Bhagwat

On the SPOT blog (09/02/2022) [A..]

Jobs report was good but perhaps slightly below expectations. That seemed to have triggered a short rally in the morning session but then fell off the cliff and all three major US indices finished in deep red for the day and the week. That marks three consecutive weeks of red finish for the indices. There doesn't seem to be enough confidence in an "established" bottom. There was some glimmer of hope for the semiconductor sector because of Broadcom. So, let's discuss it.

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