Market Bipolarity: Exuberance versus Exhaustion!
Musings on Markets
OCTOBER 4, 2023
We started the year with significant uncertainty about whether the surge in inflation seen in 2022 would persist as well as about whether the economy was headed into a recession. The NASDAQ also gave back gains in the third quarter, but is up 27.27% for the year, but those gaudy numbers obscure a sobering reality.
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