“Dead-Cat Bounce”- More needed to think a low is In

Key Takeaways

  • Trends & momentum remain negative short-term for US Equity indices and SPX requires a move back over 4465 to expect this weakness is complete
  • Treasury yield breakout looks to extend, and should be bullish for Financials, yet might weigh on Technology near-term (Growth might underperform into October)
  • US Dollar index’s breakout to new highs for 2021 can allow for underperformance in EM, commodities into October

Breakdown in SPX makes it a bit early to expect a...

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