Weekly MOTR Report (WMR): “Onus is on the Bears Now”

Despite the chorus growing larger of those singing the tune “we are in recession!”, the S&P hurdled past key downtrend resistance last week (red horizontal dashed line in chart at right). Students of history will know that this is actually more the norm, since the market typically tops before recession starts and bottoms before it ends. The continuous bad economic data provides the very bricks that compose. . .

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