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The Dow or the S&P? That's the Most Important Level in the Market
I downgraded at January 20th and I went right up to New Highs in early February. We didn't then because we needed to see the fundamental macro stuff get better. When you invert the yield curve, it can be five months or two years. And this was just, yeah. The trade war seems to have really exerted itself as the thing keeping the market from breaking out.