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Payne's Perspective: August 14, 2023: Rallies & Healthy Pause

By Charles Payne CEO & Principal Analyst

The week's story was the second consecutive decline for the NASDAQ Composite, testing critical technical support points.

Meanwhile, Bitcoin (BTC) continues to be the best performing asset in 2023, and the U.S. Dollar (DXY) is the worst, although it exhibits amazing resolve at key moments.

These minor, pullbacks that are happeing, as the growth sectors are under considerable pressure, are actually very impressive The S&P 500 only lost 0.31%, with Consumer Discretionary (XLY) -1.07% and Technology (XLK) -2.49%.


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Charles Payne
Wall Street Strategies


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