The positive rhetoric emanating from Washington regarding the ceasefire continues and markets remained bid in expectation that an ultimate solution will be agreed upon. While the scene remains dynamic, the S&P 500 gained 62bps and Nasdaq 83bps, building upon yesterday’s solid gains and keeping the exchanges above the moving averages they broke through yesterday. The S&P 500 and Nasdaq did test their 50d ma supports early (6765 and 22520 respectively) but held after headlines of direct talks bet…
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