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"inflationism" bubble is bursting. Breadth ATH. Equities to take cues from bonds (signaling "disinflation") not pundits ("bear rally"). Inflation cooling = we expect ATH before YE

Breadth in this rally is breathtaking = ATH coming

There are many who quibble with the rally since June, citing this as "short covering" or a "garbage rally" -- but market internals are arguing the opposite. There are several ways to see this but take a look at the advance/decline line below:

As noted by Mark Newton, our Head of Technical StrategyS&P 500 advance/decline line hit an all-time high todaythis is a sign of a massive expansion in market breadth/participationmoreover, since 1950, ev...

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