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Sell the Rumor, Buy the News

Key Takeaways

  • Thursday’s sharp reversal looked like a positive, likely marking the start of a bottoming process for US stocks just as the Russian invasion has gotten underway
  • Technology led on the rebound, while Defensives and Value lost ground- While just one day of trading, this rotation looks important in thinking a growth rebound can happen
  • US Dollar likely to gain further ground vs many Emerging mkt currencies  

Thursday’s big reversal happened to oc...

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