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Four Key Numbers in the Week Ahead
The US markets are closed on Monday, and many parts of Asia will continue to celebrate the Lunar New Year. The economic schedule is fairly light, and market psychology appears fragile after the dramatic activity in equities and what appears to be shifting macro-relationships. To help navigate the challenging investment climate, we identify four "numbers" that can illuminate the path ahead. 1. The equity market is center stage. The key number here is 2743. It is the 61.8% retracement of the S&P 500's recent sell-off from record highs on January 26 near 2873. If last week's impressive recovery, the largest weekly ... (full story)