FLASH MARKET COLOR: Textbook “Market chop” this week. Pattern 7-10 days of chop post-new market highs. Friday is quadruple witching. Probabilities favor market rally next week.

STRATEGY: We think today is textbook chop and probabilities favor a rally next weekEquity markets faltered today, and the ostensible factor is the rise in interest rates, as the 10-year moved to 1.74%.  And the market indices masked a broader decline in the markets:- S&P 500 down -1.5%- Nasdaq 1000 and Russell 2000 down -3%- Energy -4.5%- VIX up modestly to 21.58 (up 12%, or ~2 points)In fact, the only sector up today:- Financials +0.6%Taking a step back, the question on everyone’s m...

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