Energy, Crude should be buyable by late August

$SPX continues to show resilience despite the plethora of bad news, and Monday’s minor early pullback was greeted with buying yet again.  $SPX looks to have upside of around 1-1.5% into mid-September, while downside could shed 5% into early October.  Thus, risk/reward is starting to look poor for those with timeframes of 6 to 8 weeks or less.  China’s surprise rate cut looks to have directly led to a rolling over in Commodities, and this ...

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