Short-term Equity and Treasury lows are in place, but intermediate-term challenges remain

SPX and QQQ have made their short-term bottom as of last Friday and are now likely on a three-wave bounce into late next week.   Interest rates can drop further into next week, but likely will not make the larger breakdown many are expecting before pushing back to highs into mid to late November.  Overall, given widespread technical damage in many sectors it’s going to be important to see more evidence of a rolling over...

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