US underperformance could persist into December

The near-term uptrend remains intact, and despite some sluggishness this entire week in following through, it’s still highly likely that SPX pushes up to 4120 area before any meaningful snapback gets underway.  Friday gave a glimpse of what could be an ongoing problem for markets over the final six weeks of the year.  Namely, that Technology has hit meaningful upside resistance, and this might not break out anytime soon if Treasury yields start to turn h...

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