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As Goes Apple, So Goes the Market? And a Chart of the Week That..Went Nowhere? 8/4/23

23 min•4 augusti 2023

Stocks staged a late-day sell-off on Friday that seemed to coincide with a big leg down in Apple. What the move tells us about where the market is heading as we dive into another busy week for earnings. Plus, homebuilders, surprisingly flat on the week, even as interest rates rocketed higher. We dig in on that trade to see what’s next for the sector.

 

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