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Weekly Market Update November 15, 2023
Equity markets continued their recent rebound last week with the S&P 500 Index now up 15% in 2023 and the tech-heavy NASDAQ index up 32% after having its best day on Friday since May. Additionally, investors have been positioning themselves for a year-end rally as hedge fund and money manager shorts against the S&P 500 are at their lowest levels since March. (Source: The Wall Street Journal)