U.
S.
Equities: Fisher Capital Management Reports
As mentioned previously, stocks finished a volatile month in October with a volatile final week of
trading, as investors began to question whether the market¹s impressive rally had surpassed the
economy¹s...
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U.
S.
Equities: Fisher Capital Management Reports
As mentioned previously, stocks finished a volatile month in October with a volatile final week of
trading, as investors began to question whether the market¹s impressive rally had surpassed the
economy¹s ability to generate growth in output and profits.
To be sure, throughout the market’s impressive rebound, the technical picture for stocks
gathered steam, as excess liquidity helped drive the market higher.
Fisher Capital Management, US Equities Reports: As one technical achievement passed
another, we began to postulate that the market’s technicals appeared significantly better than its
fundamentals.
Some of these concerns may be coming to fruition over the near term, as a few technical
strengths appear to have softened in recent weeks.
Indeed, as the S&P 500 Index approached
the 1,100 level during the middle of October, the market ran into strong resistance, falling by
approximately 5% from that high by month-end.
Fisher Capital
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