Why Was the Market Up/Down Today?

Below is a synopsis of this investment report:

  • Market pundits are obsessed with understanding the short-term movements in equity markets.
  • According to those who follow the daily market moves closely, raising cash to pay taxes was the reason the market fell last Friday.
  • The daily moves in equities are often a mystery, and the explanations conjured by those who claim to have a feel for the market should be taken with a grain of salt.


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