With the S&P 500 down 22% ytd, it is not hard to see the negativity that investors currently have. The various headwinds remain, and only seem to be broadening. But the investor spirit cannot be gloomy all the time, and that provides opportunities in the short term. After last week’s intraday turnaround, traders have been cautiously optimistic that indexes can continue the path higher, and today’s S&P gain was the first back-to-back daily gain in two weeks.
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