The S&P 500 Reversal on Friday

This week was a down week in the S&P 500 guy. We've seen over the last 18 months or so, I would say 85 to 90 percent of the Fridays, the market just does this levitation for no real reason that I could ascertain. Over the last month or so, we've seen a couple Fridays where the market actually reverses and sells off. The now significant steepening again of the yield curve is something that people are going to start to talk about. And quite frankly, one of the reasons we saw some unrest in the market last week is because participants are finally starting to connect the dots between global interest rates, global yield curves, and where equity markets should be

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