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Stocks Rally to Kick Off Q2

MRKT Matrix

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The S&P 500's Uptrend Line

The S&P has been ascending since the financial crisis. The best case scenario to my eye is that we continue to sort of limp along in a general upward trajectory. But I don't say anything about this chart, which would suggest great move to the upside. And the third scenario, of course, is that it just ultimately decays further and gets in the lower band.

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