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Cycles Against Trends (guest: Alfonso Peccatiello)

The Market Huddle

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The Market's Overextended and Due for a Pullback

Will we at least see a short-term swing high in the markets? We now have had this little rip on the upside, which has been a month and a half or so of price action. Every two, three months, there is one of these 2,300 S&P point style corrections from the highs. The flipping of the calendar into July is more likely to be the timetable than the FOMC or even the topics.

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