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The stock market rally showed strong, broad action in the past week, running past a surprisingly hawkish Federal Reserve. That raises confidence in the uptrend’s longer-term prospects. But with the Nasdaq extended, the odds of a market pullback are elevated in the short term. Friday may have reflected the start of a slide, but it wasn’t much of one. X A pullback could create new buying opportunities in leading stocks, many of which are currently far extended from any entry. But in the short run, investors should be cautious about making new purchases, especially in hot tech areas. Dow Jones…
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