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Is the worst over?

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Market Recap for Tuesday, June 28th, 2016   Today stocks rallied. The Dow jumped over 260 points and the NASDAQ climbed more than 2%. Today’s move came after two dreadful days on Wall Street that resulted in losses of around 6%. So does this mean that the worst is over, or is this just a technical bounce? It’s probably too early to say. But the good news is that stocks ended higher and the VIX (a.k.a. the “Fear Index”) dropped over 20%. With today’s moves it seems as though traders are hoping that the UK can reverse, or at least soften the June 23rd referendum outcome in which the UK voted to leave […]

 

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