A Test For The Market's Momentum

Stocks have risen in 12 of the past 15 weeks, including last week’s gains, as the S&P 500 reached the highest level in more than two years. Also, Treasury bond yields have risen nearly a full percentage point to a six–month high, from 2.39% on October 7 to 3.32% on Friday. And, the prices of some commodities, such as copper, set new all-time highs. Optimism on the economy and profits has been strong. During this week, however, the markets’ momentum will be tested.

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