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June 24, 2014

Equities Threaten a Cycle Peak

Today's most interesting action came from the equity market where we saw the Nasdaq take a huge lead over the SPX during the first half of the session, only to watch massive reversals unfold. At the closing bell, the SPX carried the larger change for the day... to the downside. Normally, I would not put too much weight on a single reversal session, but ...

 

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