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AAPL behavior gives confidence ahead of this week’s CPI print

Equities have extended gains and have now come within striking distance of late March peaks.   SPX has nearly recaptured all of the period of weakness from late March into April, and likely will test and break out above resistance as US Dollar and US Treasury yields start to weaken. The uptick in Financials, Materials, and Industrials are constructive factors towards helping the market begin to show more broad-based strength. &nbs...

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