The docket of economic prints was sparse last week. Nonetheless, the stock market took a hit as the ongoing strength of the dollar, combined with higher crude prices created a risk-negative sentiment. The S&P 500 fell 1.3 % to close at 4457 on Friday, back to its 50-day moving average. It may prove to be a good moment to pick stocks, unless the oil market were to upset the apple cart: oil can be a wrecking ball.
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By Hubert Marleau