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Stocks Hold onto Earlier Gains
U.S. stocks posted tiny gains last week. Investors are confronted with dueling explanations of the recent rally. Is it a continuation of the long bull market or is it a brief respite from a bear market that so pained investor pocketbooks in late 2018? No one knows for sure, but if you’re satisfied with how your investments are positioned, you should probably stay put.
Last week’s results for foreign stocks were disappointing with losses averaging over 1%. Economic data, especially in Europe, is pointing to slower growth, which may eventually affect U.S. markets.