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Death Of The Stock Picker?

MRKT Matrix

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The S&P Fabric on New Highs Up

S&P peaked in 2008 Q1 2008 some 15 years ago it says a lot about a lot of things but if we were to drill down on the here and now. The XLI similar to the XLF so we have a minor trend line in effect since the October low that's about seven percent lower from here. We'd lose again I shouldn't say that we potentially lose the leadership in banks and then we start to lose some of these deeply cyclical industrial names.

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