US Dollar looks to be bottoming out

Incredibly enough, SPX has now given up over 300 points just since Tuesday’s intra-day peak in S&P Futures following this week’s CPI report, or around 7% from those highs at 4180 just three days ago.  This decline certainly has proven lightning fast for a normally bullish December.  However, there were ample warnings regarding breadth deterioration, defensive trading that certainly discussed the possibility of yet another trading top just as the 80...

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