We needed a breather after last week and this most August-ian of Mondays provided exactly that. A trickling effort from the markets to start the week, but this level of calm is unlikely to persist throughout the week; key economic data is set to come. Indices recorded a 4th straight week of losses upon Friday’s conclusion; a 5th would be the first since in over 2 years. And while on its surface the S&P gave back little last week, damage had surely been done. Broadly speaking, it wasn’t a great…
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