After an extended period of lateral price movement, equity markets demonstrated encouraging momentum entering the post-Labor Day trading session. Thursday’s robust performance, coupled with technical confirmation from both the Nasdaq and S&P 500 indices, prompted Investor’s Business Daily to elevate its Stock Market Exposure gauge from the previous 40%-60% range to a more optimistic 60%-80%. Attention now shifts to bond market developments as traders assess the interplay between fixed-income securities and equities.
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