WTI Crude’s breakout should help Energy outperformance

The near-term technical trend improved even further with SPX’s push back over 4060 in Monday’s trading.  This helped to recoup the prior 2/10 lows, and SPX has now recouped more than 50% of the entire decline from early February in a mere three trading days.  While this was partially given back as US Treasuries reversed earlier gains, the recent three-day surge has been anything but bearish.

The breakdown of Treasury yields looks to have di...

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