Two steps forward, one step back. After an impressive rally over the past 2 sessions, we have closed the week out by retreating marginally lower and ending just shy of the key 4200 level on the S&P. The index is +1.65% WoW and ~+9% YTD which still lags that of its global peers and is less than half of its Nasdaq peer’s gains. While we have spent plenty of time and effort climbing the wall of worry, it was the worry that got the better of the market today. The largest contributing factor came…
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