Bear Market Rally Takes A Pause

  • Stocks pulled back this week and were unable to
    add to historic gains from the previous week as the
    war against the COVID-19 pandemic wages on.
    Stabilization of US cases remains elusive, though
    evidence has emerged that the worst of Europe’s
    crisis may have passed.
  • The S&P 500 Index lost 2.1% for the week, but
    remains about 11% off the March 23 lows. Among
    the major indexes we track, the Nasdaq was the top
    performer, as growth and technology-oriented
    stocks resumed their outperformance.

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