Minor stalling out doesn’t appear too serious

Friday’s minor pullback seems to have occurred near a short-term timing pivot which might result in 2-3 days of weakness before turning price back higher.  S&P and NASDAQ both lost more than 1% on the day, and pulling back to end near lows of the session could result in Monday also being weak. 

Most of the underperformance occurred in sectors that had been outperforming the most thus far in 2023.  However, Utilities remained one of t...

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