S&P 500 Corrects In Breadth

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Good shallow S&P 500 downswing opportunity was lost yesterday premarket – and the almost neutral manufacturing data didn‘t force buyers to waver. The key sectorsI‘ve been highlighting lately so often, had done really well, and the table is set for expansion in breadth following retail sales. The latte session ambush from Monday doesn‘t change that. Risk assets are performing nicely, and especially precious metals are showing the way for today while crude oil held my support level and would also peek higher alongside copper. Quoting from yesterday‘s extensive analysis as regards retail sales: (…

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