Stock Market Update September 22, After experiencing two consecutive days of sharp declines, Friday served predominantly as a pause day, which is a typical market behavior under such conditions. Dramatic price drops tend to activate sell triggers for a range of investors. With most of those triggers having been pulled during the preceding two-day slide, incremental selling pressure was noticeably limited. Consequently, we observed a lull in activity, as if the bears were 'reloading' for another round.
Stock Market Update September 22
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