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Small-caps and Transports break out while Technology lags

Meaningful relative strength occurred in Small-caps and Transportation issues Wednesday, which looks quite constructive for the broader market.  Financials have also joined suit in the rally and remain a supportive sector to provide a near-term tailwind for Equities.   Yet Technology has lagged this week and it’s thought that the path for Equities between now and mid-to-late November could be lower given the combination of cycl...

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