Transports along with broader Industrials space strengthening

Calm before the storm?   SPX and most major indices seem to have stalled out to the downside ahead of Thursday’s CPI reading which is considered by many to be the most important economic report this week.  Volume was compressed and Defensive groups like Utilities and Real Estate showed extreme underperformance, continuing a recent trend over the past week.  Overall, as has been discussed, technical factors other than price argue that l...

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