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[Chart courtesy of MarketWatch.com] Moving the markets Again, the belief prevailed on Wall Street that the worst of the regional banking crisis is now in the rearview mirror, which caused traders and algos to push the major indexes higher for the second day in a row. Jobless claims dropped moderately but have not gone anywhere in four months, thereby supporting …

[Chart courtesy of MarketWatch.com] Moving the markets Judging by today’s rebound, it appears that traders and algos alike were no longer concerned with the state of the banking sector, nor if or when the Fed might shift into easing mode. None of it mattered, as sentiment maintained its bullish influence, with the S&P 500 reclaiming its 4,000 level—also helped by …

[Chart courtesy of MarketWatch.com] Moving the markets Just like yesterday, climbing bond yields kept a lid on bullish sentiment, as the major indexes bounced around their respective unchanged lines before sauntering into red territory, where they closed with minor losses. The S&P and Nasdaq erased yesterday’s gains and never saw “green” during this session.   There was no apparent driver …

[Chart courtesy of MarketWatch.com] Moving the markets Apparently, traders found some encouragement from last week’s modest advances, as well as the fact that we made it through the weekend without another bank collapsing, so they pushed equities moderately higher, but the results were mixed, as the graph above shows. Never mind that Deutsche Bank (DB) and other fellow European bank …