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Markets Close Lower Despite Good Earnings and Data on Delta and Inflation Fears

Summary

- S&P 500 closed lower on the week at 4,327.16, which is down from 4,369.55 last week.

- Despite hovering near all-time highs, the chop of July is being felt acutely.

- We are expecting a continuing strong showing in earnings led by Epicenter sectors and reflationary names.

- Inflation uncertainty continues, but many adjacent markets are showing signs of immense strength, making us think the current volatility will likely be short-lived.

The S&P 500 had its first losing week after thr...

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