The market is getting a dose of bad (weak) economic data today. In the past when inflation was higher, bad was good as traders saw it as a slowing of the economy and with it inflation.WIth inflation more tame / lower, and the Fed more focused on both jobs AND inflation, the deluge of bad news today is not good. Too much of a bad thing is now bad. As a result, stocks have moved into negative territory with the Dow Industrial Average rates down -0.78%, the S&P index down -0.5%, and the NASDAQ index down -0.68%.Looking at the NASDAQ index on the daily chart, the price moved above its 50 day moving average both yesterday and today closing above their 50 day moving average yesterday (at 17595.
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