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Eyeing a Potential Pullback

Eyeing a Potential Pullback As we head into the upcoming Overbought reading, let s take a look at some indicators that imply we should pull back in the coming week. Mar 17, 2021 | 06:00 AM EDT Nasdaq limped into the close, but it did manage to enjoy two days of green for the first time in March, and for only the second time in a month. It doesn t tell us much, except that the pattern changed. And that the either/or Market remains intact. As we head into the upcoming Overbought reading, let s take a look at some other indicators that imply we should pull back in the coming week. We ll begin with breadth. It has been good for the rally, but it has not been as good as prior periods. By that I mean out of the seven-straight days with positive breadth, only three of them got to quadruple digits. But that s not a big deal, because breadth made a higher high.

The Oil Industry Wants to Tax Carbon – Here s What s in It for Them

The Oil Industry Wants to Tax Carbon – Here s What s in It for Them
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Richard Schmalensee

Richard Schmalensee served as the John C Head III Dean of the MIT Sloan School of Management from 1998 through 2007. He was a member of the President s Council of Economic Advisers from 1989 through 1991 and served for 12 years as Director of the MIT Center for Energy and Environmental Policy Research. Professor Schmalensee is the author or coauthor of 11 books and more than 120 published articles, and he is co-editor of volumes 1 and 2 of the Handbook of Industrial Organization. His research has centered on industrial organization economics and its application to managerial and public policy issues, with particular emphasis on antitrust, regulatory, energy, and environmental policies. He has served as a consultant to the U.S. Federal Trade Commission, the U.S. Department of Justice, and numerous private corporations.

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