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Prepare for more market volatility
Gains likely to be more modest given prospects for less stimulus, says analyst
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It has been a turbulent week for markets following the release of the July 27-28 minutes of the US Federal Reserve meetings last Wednesday, showing that the potential for monetary tightening in the next five months is higher than anticipated.
Despite a positive session for the Dow Jones Index last Friday, when it gained 226 points, the index lost a net 395.30 points for the week to close at 35,120.08 points. This, however, is still its third-highest close.
