Jefferies technical analyst Dan Kirsch identified Thursday’s intraday rebound in the Nasdaq 100 as the sharpest since April, calling it the most encouraging development since the correction began in October. He interprets the current weakness as one of the last attractive opportunities to build exposure ahead of an expected rally in November and December. Volatility this month has been more pronounced than forecast, with particular weakness in the technology sector (XLK ETF).
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