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August market rally snaps back after a July momentum unwind
MarketWatch said investors were caught off guard when stocks suddenly jumped higher late last month, ending a volatile July momentum unwind with a more optimistic tone.
Many investors were caught off guard by a sudden jump in stocks late last month, after a dramatic July momentum unwind shifted into an August snapback, according to MarketWatch.
The outlet highlighted the move using two charts, portraying August as unusually erratic so far, as market action whipsawed from the prior month’s momentum unwind toward a hint of optimism.
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