With so many ETFs oversold coming into yesterday, especially the high number of country fund ETFs I mentioned, yesterday’s bounce was no surprise.
Today is the next to last Friday of the summer and as we saw last Friday, unless something out of the ordinary occurs, today will be a light day. Ideally the upward move from yesterday will follow-through into today further confirming the longer-term bull market in U.S. equities is still in place.
Have a great weekend!
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