Copper breakout paves the way for 2Q gains

Thursday’s snapback gains seemed to be a mirror opposite of Wednesday’s trading, but look to have decidedly broken the near-term 6-7 day period of consolidation to the upside. Overall, the act of having exceeded 4133 does not change the near-term trend too dramatically, and SPX 4200 remains the most important area to watch carefully in the days ahead.

Healthcare, Technology, Communication Services, and Discretionary all rose more than 1%, while ...

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