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5 Second Run-Down
So much for the big sell-off? Equities are continuing to bounce back today with the S&P 500 ($SPX) up nearly 75 bps to around 2385. Industrial ($XLI) are leading the way higher, followed by Energy ($XLE), and Semis ($SOXX). Dollar weakness ($DXY) continues, with the Euro ($FXE) up 0.85 to €1.1187 vs. the Dollar, and the Pound ($FXB) up 0.73 to £1.3015. The Ten-year yield is up slightly to 2.25 percent, while the 10-2’s spread is currently at 98 bps.
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Michael Kramer is the Founder and Portfolio Manager of Mott Capital Management, LLC a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.