Dollar & yields pressing higher, causing near-term stress

Key Takeaways

  • Stocks weakening specifically as US Dollar and Treasury yields are pressing higher
  • DXY pushed to multi-day highs post ECB, and both DXY, TNX should push higher
  • Small-caps have begun to outperform Large-cap which I see as constructive
Well, the short-term sideways consolidation was officially broken Thursday, setting up for a test of a very important SPX-3982, which marks the peak of the first rally off the 5/20 lows.  Providing this h...

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