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The tug of war between the Bulls/Doves and Bears/Hawks continues as we head into the home stretch of 2022.  There has not been a lack of data and headline news for both sides to try and make their case as the S&P 500’s rally that began in October is still hovering near 4000. 

As has been the case since the end of 1Q22, my strategic work is still not supporting the rally, continuing to signal that the equity markets retain considerable downside risk.  From time to time over th...

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