Several key pieces of economic data are due out today along with some major earnings releases. The economic data has been overshadowed by the increased volatility in the markets over the past few weeks, and we believe the market is in the difficult bottoming process and ready for a bounce, as we highlighted in a note yesterday. Three of our four key tactical indicators have reached oversold conditions and we continue to believe there are several longer-term catalysts that could drive the markets higher.
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