US markets posted another weak day (SPX ~80% down), on the heels of Strong Econ data (US Retail Sales) which doesn’t bode well from a policy perspective, bond yields extended higher while the DXY strengthened. Seeing money being put to work in the defensives however still not seeing that level of breadth come into play and support level of 4682 (ultimate 4600) on the SPX as mentioned on our “Trading The Macro” call series still remains intact. During the afternoon we witnessed a weaker than nor…
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