In today’s briefing:
- Weekly Compass – Mixed Signals, Reasons for Caution
Weekly Compass – Mixed Signals, Reasons for Caution
- The U.S. dollar has staged a false breakdown and is now on the cusp of a reversal.
- False breakdown on 10-yr yield at the critical 4.35% level. Simply put, higher yields tend to pressure the equity markets.
- IWM breaking to new RS lows, violating 7-month RS support. Quality related names continue to be leadership within the market, and Technology continues to dominate relative performance.
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