Indices moved from bottom left to top right today as investors found a foot hold in the comfortable, quality, yet arguably overcrowded fan favorite names that make up the M7. The S&P and Nasdaq made all-time closing highs with Tech and Semis paving the path of least resistance higher, reinforced by signs of strong breadth. The interesting move in combination with this demonstrated strength is the rebound in yields seen over the past week – which we see as more of a counter trend rebound amid a…
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