Broader market breakout ahead of FOMC should be unlikely

The near-term trend for US Equities is bullish, but it’s thought that SPX, QQQ, and Equal-weighted SPX all likely stall out and there's some consolidation into and possibly directly after FOMC before a late December breakout. While the breadth improvement this past week has proven important, interest rates aren’t turning lower but have begun to move higher. Meanwhile, Equity sentiment has begun to turn...

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