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Stock market action fits the profile of a proper correction process noisily running its course

A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), January 26, 2022.
Brendan McDermid | Reuters

A completed correction in stocks that has refreshed a bull market looks and acts just like the opening act of a bear market, in which powerful rallies are beguiling traps and the overshoots happen to the downside.

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