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The Weekly Fix: What 1930s-Sized Moves Tell Us About the Present

Welcome to the Weekly Fix, the newsletter that thinks whenever the Fed runs out of ammo in its pistol it picks up a bazooka. --Luke Kawa, Cross-Asset Reporter

So, uh, that happened. The Dow Jones Industrial Average (technically) entered a bull market, with a more than 20% gain in a three-day stretch that culminated in a massive advance on a day when U.S. initial jobless claims posted a surge that was quadruple the previous record.