Energy is being downgraded to a technical Underweight  

The US Equity rally over the last nine of 10 days has been constructive enough to think a move back to new all-time highs should happen into September ahead of any seasonal Fall correction.  The Equal-weighted SPX has already pushed to new highs coinciding with the big breakdown in the US Dollar and Treasury yields and market breadth remains constructive with insufficient signs of optimism to expect ...

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