The S&P 500 gave us the oversold bounce we anticipated for today, snapping a six-day losing streak in the process. That streak ultimately ended with the largest one-day drop of 2019 in yesterday’s trading. After being the worst performers during yesterday’s turmoil, Info. Tech and Financials bounced back. Both sectors were up more than 1.50% while the S&P 500 (SPX) was up 1.30%. Our post today covers our near and intermediate term view on the pullback that has occurred over the past few trading days.
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