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The video in this report is only accessible to members

US Equity markets largely remain in choppy range-bound consolidation with SPX within 1 point of levels hit two weeks ago at this time (SPX-4132). Rates have pushed back higher again following Wednesday’s strong retail sales print, giving hope that the economy very well might be positioning for a soft landing, or “No landing”. 

Real yields turning higher seems to be negative for commodities, and as charts will show in this report, still makes buying dips in many areas outside of Energy look early. 

This sideways consolidation didn’t really bring about much evidence of any shift in sector rotation lately, as the two top performing sectors over the last week remain the top performing groups on a rolling one-month basis, namely, Technology and Consumer Discretionary.

However, both Energy and Healthcare look ready to bottom out, and both of these sectors look relatively attractive for strength into the month of March.

Regarding SPX price action, not much has changed in the last 24 hours.   There remains a realistic threat of minor weakness into late February, and this would be officially underway on SPX break of 4060 (though even weakness under 4095 would warn of this possibly getting underway).  Conve...

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