We can’t ignore the apparent economic deterioration. Inflation is still at multi-decade highs, two of the three largest bank collapses in U.S. history just happened, and the Fed funds rate is up to 5%. And yet stocks seemed perky today. The S&P started lower this morning, but turned higher in the afternoon, closing above an important 4100 technical level. Despite this positive ending to the four-day week, the overall "net" sentiment still remains bearish, thanks to the aforementioned larger ec…
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