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ASX to rise, Wall Street higher, bitcoin steady

August 29, 2023
Source: afr.com afr.com
News Snapshot:
The yield on the US 10-year note slipped 2 basis points to 4.21 per cent at 2.56pm in New York. On Wall Street, shares began a data-heavy week higher. “Market breadth continues to show slim year-to-date leadership in the S & P 500 and the broad-based index is susceptible to a sharp correction if profit taking picks up in some of 2023’s best performing stocks,” wrote Tom Essaye in The Sevens Report. Essaye also said: “Investor sentiment stabilised with a ‘neutral reading’ last week, but lasting market tops and bottoms typically coincide with Extreme Greed or Extreme Fear readings, so...
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