After 7 consecutive negative weeks for the S&P 500 (8 for the Dow), we witnessed a healthy reprieve this week. The stage for this week’s rally was set by the prior week’s wild Friday (May 20th), during which the S&P 500 was down over 2% intraday and within a whisker of hitting the commonly accepted bear market designation of a 20% correction from all-time highs. However, as the media highlighted the bear market level, the
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