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[Chart courtesy of MarketWatch.com] Moving the markets After wild rides in the markets last week, which saw early rallies wiped out later in the session, we finally witnessed an opening surge that improved throughout the day and did not peter out in the afternoon. Sure, momentum slumped a little into the close, but that can be expected. In the process, …

[Chart courtesy of MarketWatch.com] Moving the markets The first couple of trading hours were hopeful with the Dow jumping ahead over 300 points indicating that recent volatility had subsided and traders assuming that we’d be well on our way to the much-anticipated Holiday finish. Those hopes were dashed suddenly, when the bears took the upper hand and pounded the major …

[Chart courtesy of MarketWatch.com] Moving the markets First, there was more fearmongering, as Moderna’s CEO raised doubts about the efficacy of the current batch of vaccines versus the omicron variant. That took the starch out of any bullish momentum and pulled the major indexes down. Second, in a lesson to all economic hacks, Fed head Powell destroyed the long-held view …

[Chart courtesy of MarketWatch.com] Moving the markets The Dow was the most volatile of the major indexes by giving up an early 380-point gain and retreating almost all the way back to the unchanged line. The sudden turnaround happened with lightning speed after Biden’s announcement that Covid lockdowns were not needed for now, despite MSM fearmongering about the latest omicron …