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In today’s video, Erin looks “under the hood” at the NYSE, Mid-Caps (MDY) and Small-Caps (IJR). The picture is not rosy, particularly given new all-time highs have been logged by the large-cap indexes. We need everyone on board to get a strong rally higher.
This could be a case of a “rising tide lifting all boats” eventually, but we would be cautious about the current rally given this lack of participation. Bull trap?
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