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Market Call
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The S&P 500 dropped 3.3% on Thursday and Friday, led by money center and regional bank stocks as a result of the SVB debacle. The index fell through both its 50-day and 200-day moving averages to close at 3861.59, just 0.6% above its 2022 close (chart). January’s big gains among the 11 sectors of the S&P 500 mostly evaporated during February and
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Ed Yardeni