Fear intensifies as market gets caught offguard by economic weakness

Friday’s decline likely postpones an immediate Equity bounce until mid-next week, but Equities along with US Dollar and Treasury yields all seem to be nearing critical areas of support which might allow for a reversal of trend back higher ahead of the FOMC meeting.  Momentum is short-term bearish, but not oversold.  However, the act of closing near the lows of the session on an above-average high-to-low range on Friday likely means ...

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