SPX likely undercuts 4500 ahead of possible low this week

Markets have entered a window for a potential low.  This could take place Tues-Thursday into Thursday’s CPI report.  US Dollar and US Treasury yields  look to be on the verge of a larger decline in August which should aid Emerging markets, and Commodities.

US Equities have now declined four out of the last five trading sessions, representing the worst week since mid-March.  However, no serious technical deterior...

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