The bond market is starting to show its hand and Equities won’t ignore it for long

Near-term equity trends remain intact, and Monday's selling was mild by any reasonable measure, with breadth running roughly three-to-two negative and four sectors down more than 1%. What stood out was where the damage landed. The equal-weighted $SPX and the Dow continued to drip lower while $QQQ finished down only 0.16%, so this was not a Technology problem, and yet more than half the sectors closed at new two-day ...

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