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AAPL breakout creates tailwind for SPX despite cyclical downward pressure

Equity trends from August remain bullish, and SPX has neared the upper edge of its four-month channel resistance while the NASDAQ Composite has now pushed back to new all-time highs. Treasury yields and the US Dollar are both positioned technically for declines in December, and their recent weakness has not yet had any effect on the current appetite for US Equities. Thus far, no evidence of consolidation has played out which lines up with cyc...

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