What to make of multiple European indices clawing back to new highs

US Equities and Treasuries look to be near resistance, while the US Dollar index has begun to rally.  A majority of the major sectors are also now right near meaningful intermediate-term downtrends.  Until we can see proof of downtrends being convincingly broken across the board, I still view current levels as being a poor risk/reward for new investments without consolidation.   Weakness possible into 12/23

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