The trend is your friend…..Mood/Momentum and Fundamentals drive price and right now momentum is carrying us, albeit a ~27% up day (~73% down day) in the S&P 1500-SPR Index. Not a complete shocker on the reversion today given the SPX recorded its 54th record day yesterday and its 55th today! With only 18 trading days now left in the year and the market pricing in a December cut, momentum stocks continue to grind us higher, particularly BM7T-Index (The Magnificent 7) into YE. This time around, Eu…
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