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Software continues to make strides vs. Semiconductors

Equity trends remain bullish from early August but have shown mild consolidation over the last two weeks which has resulted in a 2% decline in SPX. While various sectors like Technology, REITS, Industrials, Energy & Utilities have all drifted lower since mid-October, there hasn’t been sufficient damage towards thinking a big selloff is underway. Both US Dollar and US Treasury yields are all getting close to technical levels wher...

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