Definition
A move against the recent trend, like a dip during a rally.
The story
Even a market climbing steadily doesn't go straight up. A few down days in the middle of a rally is a pullback. The question coverage keeps asking is whether it's a pause or the start of something bigger.
Why you'll see it
Reports use it for a dip that hasn't changed the bigger direction.
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Last seen in
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms