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Free TheoNight Report - for Thursday, May 5, 2022 by Corey Rosenbloom - Despite High Volatility, SPX is Flat on the Week going into Fridays Jobs Report
After the Fed Announcement and Fed Funds Rate .50 Hike as expected, we saw a rapid surge of buying pressure into the market to end Wednesday and then on Thursday's session, all that buying activity gave way to large liquidation event centered on technology shares while bonds continued lower (and rates higher). Despite all this, the SPX returned to "unchanged" on the week as we prepare for the pre-market Jobs Report Friday morning and the additional volatility it could bring with markets hanging on the edge of a cliff...
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Recent Media Appearances by Don Kaufman of TheoTrade
NEW: Grim earnings spell trouble for U.S. banks, Don Kaufman says in TV interview
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NEW: Calm before the storm for crypto volatility, says Don Kaufman on CoinDesk TV
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