Gasoline prices likely remain stubbornly high into fall

Key Takeaways

  • Friday’s Nonfarm Payroll data resulted in Equity weakness, which follows a trend of six consecutive reports, which wasn’t surprising but proved to be a non-event
  • Equities largely drifted sideways this week resulting in no change of the current uptrend
  • Gasoline prices are stretched technically, and cycles indicate late year weakness. Most DeMark tools haven’t confirmed any change of trend and peaks look early
Yet again, with most eyes...

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