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Great rally this week for US Equities, but intermediate-term progress will take time

Gains in US Equities this week represent the start of the much-needed first push off the lows, which helps to make the strong technical case that our early April lows likely constitute a meaningful bottom for US Equities.  The combination of phenomenal market breadth, coupled with strong leadership from Technology and stabilization in the bond market during a time of mass pessimism, is promising that US Equities should avoid a bear market ...

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