Transition, Correction, Detox, Pain…Yes to all the above as we are looking out below. Whispers of the “R”(ecession) word linger as concerns over the health of the US economy permeate global sentiment. Risk off has been the theme, however last week into today you felt the de-grossing taking the cake; looking ahead if pain persists, capitulation isn’t too farfetched. Felt like there wasn’t a haven in sight during today’s session, ex-defensives (mainly energy and utilities), from tech to commodit…
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