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Take a look at the bloomberg here. We got a look at the daily trading range in the s p 500. This at the 20 day average. You can see the uptake we have seen here. I want to zoom in to get a closer look. The trading range of the s p has wind way out here. Most of the time, we have not seen the market closing at the lows. We had a swing to the downside like yesterday with the huge declines during the afternoon and then coming back a bit. Lets take a look at whats on the move. Yesterday, this was all red. Only two stocks were higher yesterday. Telecoms and down, real estate suffering today. The cyclical sectors are recovering. Consumer discretionary, technology, industrials and energy as well. Financial also recovering to some extent. Some of this has to do with the reflexive bounce back. Some of it underpinned by fundamental news. Take a look at suppliers to apple. They beat estimates. Im talking about macron and sky works. Ronron announcing mic announcing a new ceo. Theres feedback to ap ....
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