Could be the start of another sideways consolidation rather than a pullback? There's not a lot of fear around the markets and I don't think the optimism is particularly excessive either. SPX 875 looks solid short term, and the converging 50 and 200 dma may define the range for the medium term with not much reason I can see to break either. Guess we can focus on domestic issues and a bit of sector rotation in an attempt to keep it interesting. Yawn...
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