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Divergences May Persist

The S&P 500 continues its ongoing rally and is approaching 4300, which is its highest level since 8/17/22.  The bulls off of the October low have clearly had the better of the bears.  Admittedly, I have been in this latter group having an unfavorable view of the overall equity market.  Despite this ongoing strength in the cap-weighted index, several key indicators that I monitor, and that have been historically reliable, continue to not support the full extent of the rally.&n...

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