Defensives underperform sharply despite Rates, DXY weakening

US Equity indices have entered a time window where a low could take place early next week after several failed rally attempts.   As discussed, rates and US Dollar have begun to retreat after sharp selloffs on Friday and I expect this continues in the weeks ahead.  This should serve as a positive catalyst for why Equities can bottom.  SPX should find support next Monday-Wednesday at 4450-85.

US Equity prices should be near a bott...

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