The stock market indices had a volatile day today, but hung in there and managed to close with gains on the Nasdaq 100 and S&P 500, but the Dow finally broke its 8 consecutive day winning streak, dropping more than 10 points today.
Emerging market ETFs showed extreme weakness on Wednesday. With just a minor pullback in the market the majority of these ETFs fell 1% or more. This price action demonstrates how powerful relative weakness/strength can be.
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