Traps, traps
|S&P 500 and Nasdaq dumped again not too long after the opening bell, forming a headfake first that we sidestepped with clients, and rode only the decline intraday – relief rally came then, and indices closed strong. Do you see the leadership, which sector(s) can be relied on to drive further ascent, or you have trouble pinpointing that? Real assets were under pressure (markets deems Friday‘s CPI as no real inflation to be worried about), and with so much attention on Mideast, it‘s been hard for the dollar to decline too. Isn‘t that an USD rising wedge developing that you see on the daily?
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