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The trend is your friend, or so they say. But right now, there is no trend you can trust.
Consider the stock market this past holiday-shortened week. Through the first three days of trading, the S&P 500 index looked like it was going to be able to start a winning streak after breaking a seven-day losing streak the week before. Instead, it finished down 1.2%. The Nasdaq Composite, which closed off 1%, and the Dow Jones Industrial Average, which fell 0.9%, followed similar trajectories.
It’s…
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