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The week that went nowhere

A week that has the biggest up day since December 1st, plus a jobs report trade, must have ignited Wall Street with fireworks, right? Well, not of you look at the weekly SPY chart:

We ended up almost exactly where we began. Maybe a roller coaster ride along the way, but really no net gain for the market as a whole. Oil, however, finished over $104.00 a barrel. I have a hunch that a big spike in volatility looms. We will see next week — in the meantime have a good weekend!

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