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SPX, QQQ give more compelling evidence of bottoming as dovish Fed delivers

SPX and QQQ look to have bottomed and should resume their push up to new all-time highs into August.   Bond yields have broken down sharply on the dovish Fed, and US Dollar looks to be “next in line” to break down to new monthly lows.   Small-caps underperformed in recent days, but still look more attractive than Large-caps for outperformance over the next 3-5 weeks.   Technology strength has been helpful this w...

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