Highlights
- On the surface, today's surge in the S&P would seem to indicate that the market liked what it saw in the mid-term results, clearing a path for historically bullish seasonals to lift equities into year-end.
- While we don't dismiss this conclusion (indeed, we are positioned for it), we also can't dismiss how poor the market internals were once again today.
- We dig into this and more in this evening's CMI.
"Defensives Lead the Charge Again Today."
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