The stock market indices closed the week on a very strong note. Basically, they were up for most of the day and closed near the highs for the day and the week going away. As a matter of fact, the S&P 500 and the Nasdaq Composite closed at not only the yearly highs but three-year highs on the Nasdaq Composite.
US equities are showing remarkable resilience, but traders need to remember that current equity markets in the US are less about price discovery and more about the benefits of POMO.
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