Last week ended with SMH closing down for a 9th consecutive day. On paper, this bearish streak is its longest in 25 years, but as we’ll see below, it may not be as bearish as many think. It also only represents about 1/3 of what’s driving the market, so if that’s your main focus, consider this... This streak got far more attention than the very unusual 7-day streak of synchronous higher closes in both TLT
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