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MacroVoices #359 Lyn Alden: 2023 Macro Outlook
Macro Voices
Oil Sells Off - What's Next for the Stock Market?
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Oil sold off along with other risk assets as the stock market sold off. Getting down to almost touch its 8-day moving average, actually stopping right on the five week moving average at 78 spot 53 overnight Wednesday into Thursday morning. So it looks like so far, at least the make or break was a break. We need to see a move over 82-50 in order to confirm a new uptrend.
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