It looks like the government shutdown is about to end. That’s positive, but given that the shutdown didn’t hurt the market, it might not help it much after the initial elation surrounding this development.
The stock market’s next sustainable move is going to be determined by the tech group…and this morning’s news out of Taiwan Semiconductor might not be as good as it initially seems to be.
In other words, this morning’s initial response to this news is definitely positive. However, we believe it’s going to be important to make sure this initial response is going to be one which “holds”…given how poorly the tech sector has acted over the past two weeks.
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