Yield & US Dollar spike postpone snapback Equity rally, for now

In the very short-term, there does look to be a chance for a bit more technical selling as a result of Wednesday’s decline.  Equity index uptrends were broken and breadth came in very heavily negative.  Moreover, the minor breakout in US Dollar as well as US Treasury yields will need to show some evidence of stalling and reversing course.  Overall, I don’t see the potential for more than a 1.5-2% decline from here, an...

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