European outperformance showing no signs of slowing

The near-term selloff in the bond market has persisted in recent days, and finally seems to be joined by some minor selling pressure in Equities.  While the larger two-week trading range will remain intact barring a break below SPX-4060, Thursday’s trading showed the first break of the recent triangle, which has the potential to bring about some minor selling into next week.

SPX violating 4060 should allow for a quick test of 4000, but should not get materiall...

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