It was encouraging for the S&P 500 to close above the big round 4000 number during the Thanksgiving week. Across-the-board gains in the major averages and sectors were also constructive. We believe reclaiming 4000 and then the 200-day moving average would be supportive. We remain bullish on the yearend rally and the prospect for continuing gains into 2023, but not without concerns for the headwinds the market faces from inflation, Fed rate hikes, geopolitics and further fallout from the crypto ...
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2022