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Several important positives emerged this week to argue for a bottoming process in US Stocks

Markets have begun the process of bottoming out following a steep 10-15% decline from all-time highs by SPX and QQQ, respectively. While it’s extraordinarily difficult to make the case for a market bottom given the lack of sufficient structural progress off the lows, there have been increasing signs of bearishness leading to fear in ways that normally suggest a bottom should be imminent. Furthermore, evidence of defensive weakness c...

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