Comments by Fed Chair Powell sent equity markets surging on Wednesday. Since then, markets have seen a fair amount of red with most major indices declining yesterday and looking to open lower again this morning. Since these declines have not been steep enough to offset the gains from earlier in the week, every ETF that tracks the major US Indices remains neutral and still up from one week ago.  One day of big gains would likely push them back above their 50-day moving averages as well, which would be a positive technical development.

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