Key Pennsylvania Election Could Be New Catalyst for a Complacent Stock Market [TheStreet.com]
RISE Education Cayman Ltd - American Depositary Shares (REDU)
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Source: TheStreet.com
Key Pennsylvania Election Could Be New Catalyst for a Complacent Stock Market The Nasdaq continues to move in V-like fashion to all-time highs but momentum in the overall market has slowed. It looks like just some healthy profit-taking in places as the market becomes overbought. There are some exceptionally strong pockets of strength, primarily in chips and technology names, but it is clear that there are still quite a few bulls looking for entry points in new merchandise. What is most interesting about the market mood right now is that all the recent worries seem to have totally disappeared. There is almost no talk about tariffs or interest rates Monday and the short-volatility blowup is long forgotten. The contrarian bears like to point at complacency as a potential market negative but, more often than not, the positive momentum crushes those types of worries. One interesting event that is occurring Tuesday is a congressional election in Pennsylvania where President Trump
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