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The S&P 500 is back testing its 200-day moving average (chart). It previously did so on November 30, but failed to move higher. It might succeed this time if the current Q4-2022 earnings reporting season isn't disappointing relative to expectations.
The S&P 500 equal-weighted index continues to outperform the S&P 500 market-cap weighted index (chart). More stocks are participating in the recent rally.
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