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Traders Say Three Changes Have Sent The Stock Market Surging Back
The return of market volatility sent the S&P 500 to a low of 1,820 last Wednesday, down 9.8% from its September 19 all-time high of 2,019. There certainly hasn't been a shortage of concerns. The global economy has been slowing, commodity prices have been plunging, geopolitical tensions have been high, and the Ebola virus has been spreading. And all this came amid expectations that the Federal Reserve would soon tighten monetary policy. But at 1,941 today, the market is now up a remarkable 6.6% in just five trading days. "The question is this: "What changed so much in the macro picture since just four sessions ago ... (full story)