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U.S. stocks lost roughly $2 trillion in market value over two hours as investors searched for reasons behind the broad-based selloff. One market narrative points to investors raising cash ahead of SpaceX’s expected June 12 listing, with both retail and institutional investors potentially reallocating funds in anticipation of future index-related buying. Another explanation centers on …
Fundstrat strategist Mark Newton says declining crude oil prices are helping drive strength in several sectors that have lagged the broader stock market. In a new interview on the Fundstrat YouTube channel, Newton says the […]
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