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Wednesday, April 3, 2013

Market Thought... leaders cracking?

With the market continuing to rise, there was another mixed signal that merit attention.  Some market leaders have been cracking.

The 10 treasury yield is still depressed. If the employment report continues to be solid, that should lead to a treasuries to sell off, and drive money into equities. But if the employment number is not-so-good, the above would be a prelude to pause w/in the equity markets as leadership is dropping.

The extent of any market pause should be minimal. Not expecting a decline greater than 3%. 

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