Why ‘We Gotta Avoid’ A Big Down Day Next Week

Why ‘We Gotta Avoid’ A Big Down Day Next Week

Thanks to the worst session for the S&P in a month, US equities logged a second consecutive weekly decline. It was the first back-to-back weekly loss for the world's risk asset proxy par excellence since May. What you see in the simple figure (below) is illegal in 14 states. That's a joke. I'm not sure if it's funny or not. By Friday evening, I'm never sure of very much. Big-cap US tech suffered its worst day in months. Small-caps managed to eke out a minuscule gain on the week. Sentim
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