Banks are the Market's Ball-and-Chain

By David Brown, Chief Market Strategist, Sabrient Systems

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Sentimental Journey to the Southside

by Daniel Sckolnik of ETF Periscope

“Economics is extremely useful as a form of employment for economists.”  ~ John Kenneth Galbraith

Talk about a serious display of bad feelings.

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One hesitates to put too much emphasis on any given week when discussing market trends, but this week could be the tipping point for the current market. Despite the S&P 500's 50-point gain last week on virtually no news at all, the fact remains that it is still more than 12% below the April 23rd high of 1217 and still has not broken out of the downward channel that began on April 26.

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This week should be another interesting one, but it’s hard to say whether it can match the market’s behavior last week when it donned rose-colored glasses to view four days of mixed economic data.

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by David Brown, Chief Market Strategist

David Brown

David Brown

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