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Gummy bears

This bear market doesn’t have teeth

Aug 16, 2024
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Investors are spooked. They fear bears are hiding around the corner, waiting to devour them. After all, look at the market’s reaction to July’s unemployment figures. The S&P 500 index of big American companies dropped 6% after the Bureau of Labor Statistics (BLS) announced the unemployment rate had climbed to 4.3% in July from 4.1% the previous month. T…

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