Today, after 4 fortunate years, I am leaving Fundstrat Global Advisors to join RBC Wealth Management as their in-house technical analyst. Prior to Fundstrat, I had a 25-year career on the sell side with RBC Capital Markets so I am very excited to join the buy side of RBC where I have many long-term relationships throughout the firm. Fortunately, like you, I will also be a client of Fundstrat. Tom Lee and John Bai have built an impressive research business that is unique on the street. I am very grateful to them both for the opportunity to work with the Fundstrat team and I am looking forward to continuing our relationship while at RBC Wealth Management.

More importantly, I want to thank YOU for your support at FSInsight. I hope my weekly notes and webinars we hosted have given you some technical tools and perspective to better manage your investments. Please connect with me on Twitter @rsluymer with any feedback.

Turning to the markets, as I noted last week, I view last week’s lows to be an important line in the sand for markets and many stocks. My view has been since the beginning of the year that a pullback or pause would begin by late January/early February. However, after ‘only’ a -4.5% decline by the S&P 500 to its 50-day moving average and a -5.46% decline by t...

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