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Home Breaking News

Fear of missing out is replaced by fear of staying in as crowded momentum stocks are purged

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December 4, 2021
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Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City.

Spencer Platt | Getty Images

The market has been here before, and not long ago, the S&P 500 index undergoing a 5% setback after a nice rally to record highs, a shakeout that is moderating valuations and dousing investor overconfidence.

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