Defensives finally strengthening as key Cycle date nears

Markets have entered a window for potential short-term trend change, but do not expect much selling until August.  Near-term, an SPX-4500-4600 range might hold into last couple days of July before weakening down to 4350-4400 into mid-August before rally continues

US Equity markets showed some of the biggest signs of weakness in Technology in recent weeks, while most of the Defensive sectors strengthened (and in some cases, broke...

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