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Market Snapshot: Reports of the bull market’s death were greatly exaggerated

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Life left in the market?

Volatility spiked, stocks bled red, and investors panicked.

It was an ugly week in the stock market with the S&P 500 and the Dow plunging into correction territory as worries about rising interest rates and mounting inflationary pressure sent investors stampeding for the exits.

Nonetheless, optimists argue the decline was standard operating procedure for an overextended market rather than the endgame for one of the longest bull markets in history.

“The bull market is not over. It is getting a new and better price, so it can go higher all over again. The relationship of the price—of many stocks—to their own yields and to interest rates, all went into chaos.

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