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Cycles, seasonality & falling bond yields should lead SPX back to new highs into mid-July

S&P and QQQ have largely been treading water in recent weeks to finish out the quarter on a positive note, while Equal-weighted S&P 500 finished down for 2Q 2024 as nine sectors lost ground and finished negative.  However, given the high percentage of Russell 3k names above their respective 200-day moving average, some minor losses in a largely sideways pattern doesn’t seem to have much negative weight heading into Q3.  Given...

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