As indicated in Tuesday’s dwindling gains and increased softness, the cash market’s recent bull run was coming to a close. This was borne out in Wednesday trading; several locations, mostly in the Northeast, were flat or higher again, but a majority of points saw generally minor declines.
Borne
Articles from Borne
Weather Bullishness Fades as All Points Drop
As Thursday’s significant slowdown in price growth had indicated, last week’s bull market in cash was on its last legs. That was borne out by declines across the board Friday.
March 28, 2011