Risk Remains in Rangebound Market

The equity markets remain rangebound since 5/22, with varying performance across different indexes — some showing slight gains, others remaining flat or marginally down. However, it is crucial to recognize that the S&P 500 does not encompass the entire breadth of the equity markets. Beneath the surface of the headline benchmark index and the dominating mega-cap tech names, the average equity market reveals signs of weakness, aligning more closely with my forecast over the past six months....

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