After a dismal week to start September for the S&P 500 and Nasdaq who were down 4.25% and 5.89%, respectively, all main US indexes rallied today on limited economic data in what can mostly be seen as investors buying the dip. Despite last week being the worst week since March 2024, breadth returned strong today in the S&P 500 with over 80% of companies in the green, led by Telecoms, Banks, and Semis. The debate continues around the extent of rate cuts coming next week. When we left for the wee…
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