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Cory’s Chart Corner
Load MoreMaybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
Kalani o Māui @MauiBoyMacro“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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Monthly Archives: January 2013
Next deadlines looming
What comes next for House Republicans following the vote to avoid the fiscal cliff? Here is a direct link.
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Merkel: The crisis is far from over
German Chancellor Angela Merkel called for patience and increased control over financial markets in her New Year’s speech from Berlin saying the European debt crisis is far from over.Here is a direct link.
Markets rally on wishful thinking
The last minute mini-agreement limiting some tax increases has goosed risk markets today with a celebratory surge. The fun is likely to be fleeting. The fact is that while higher revenue was needed, even the smaller tax hikes are forecast … Continue reading
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