Breakdown in the Momentum trade worth paying attention to

Near-term trends are bullish for SPX, and I anticipate a sharp rally to finish the month of October after an interesting period of sector rotation in recent weeks. Monday’s success in climbing over last week’s highs for SPX and QQQ should enable these to both push back to new all-time high territory.   Despite some minor warnings regarding breadth, high yield spread widening, and/or lack of broad-...

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