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Equities are in good shape; Yet, noone’s happy until Tech bottoms

SPX and QQQ have been churning following the sharp two-week downtrends from mid-July and ongoing Technology underperformance.   However, given that Treasury and German Bund yields are both lying near key support while SPX and QQQ are just below key resistance, it’s thought that this week’s Central Bank meetings (FOMC, BOJ and BOE) could serve as the catalyst for upside breakouts in both Equities and Treasuries as markets get a bit ...

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