As April 20 has become a holiday for some, traders took advantage of indexes being near their highs to take some exposure off the table. Confronted with multiple inputs that continue to show a slowing economy, the S&P 500 posted its worst loss in three weeks. Earnings are in full swing and that is proving investors will something besides the Fed and economic data to focus on. While it is still early, the picture remains mixed, with S&P 500 earnings dropping 1.9% y/y (only 16% have reported thou…
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