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Textbook Technical Rally; IR, MU, SIVB Look Interesting Now

If I sound like a broken record, I can only justify it with the fact that the market has indeed been rallying, as we’ve noted pretty much all year.

So, the technical backdrop remains bullish for risk assets, notably cyclical stocks with this past week’s acceleration one more confirming data point. Sure, some stocks are getting extended in the very short-term and the on-again off-again US-China trade friction could easily create some profit taking at any point.

However, despite potential near-t...

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