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The Market Right Now
The all hands on deck effort to keep Spooz above 6800 continues as the market wrestles with how it will manage to perform and drag around Mag7 plus others. Apparently the economy will achieve Nominal Growth of 5% or 6% this year and the 10YR still sits at just 400 basis points somehow. It all fits together they say.
Nonetheless - a most unique and challenging Risk On/Off environment is still rewarding our Longs and some new ones, but the question still remains how much will high growth stocks and sectors be allowed to flourish when push comes to shove.
As ES and BTC continue to dance the night away . . . . which way will they break is it North of $70K/7K or South?
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