European outperformance likely due to slow with STOXX 50 at all-time highs

Short-term trends are bullish but extended following the recent pushback to new all-time highs for SPX and QQQ, while many other indices failed to participate.  While DJIA, RSP, and IWM should eventually begin a similar move back to new all-time highs, at present, some minor consolidation looks to be underway in large-cap Technology following a stellar comeback. Given the subdued sentiment on both the Retail and Institutional leve...

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