Energy stocks had a rough quarter amid fears of a global recession

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Energy stocks had a rough quarter amid fears of a global recession
geralt / Pixabay

Commenting on today’s trading with a global recession worry back in the headlines, Gorilla Trades strategist Ken Berman said:

The technical breakout that investors have been waiting for all year might have finally started today, even though participation in the rally remains an issue.  With the S&P 500 closing at, and the Nasdaq getting close to a record high, today’s session could go down in history as a major technical milestone, but this week’s Fed meeting and earnings reports still provide uncertainty, and small-caps should remain as strong as they were today to support the breakout.”

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