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August 2013
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Morning Market Briefing – Friday- 08/30/2013

Yesterday, the market was shocked and owed with unexpected good news. The second quarter GDP was revised up to 2.5% from 1.7%. At first, it seemed that good news was bad news. The US market began at the lows. However, once the news was out that the good news (GDP growth) was in fact not so good; the market climbed most of the day on weak volume. In the afternoon, a late day reversal canceled much of the days gain. […]