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Aggressive FTC

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows that the market was running up on momo crowd buying in advance of PPI data to be released tomorrow morning.  Please see the Morning Capsule.
  • The chart shows when the rumors started that the FTC would block Microsoft’s (MSFT) acquisition of Activision (ATVI).
  • The chart shows when the news of the FTC suing MSFT broke.