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It has even been a week, and the S&P 500 is right back to 2,397. Last week the world was crashing, and the S&P 500 was down 1.8 percent. Today it would seem and feel as though it never even happened. Pretty amazing, the short-term memory of the market. Perhaps more important a sign of just how strong the underlying bid in the equity market truly is.
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The 2.20 percent level in the Ten-Year is very strong support level at this point.
The Dollar appears to be at over-sold levels
Over the last month Technology is the clear winner.
The 10-2 spread has been contracting, meaning the yield curve is flattening. But… Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month
10-2 Year Treasury Yield Spread data by YCharts
That is is because the 2 year is rising faster than the 10 year, not because the 10-year is falling to the 2 year.
2 Year Treasury Rate data by YCharts
$xlk, $XLY, $XLP, $XLU $XLB, $XLF, $IBB, $SPY, $SPX, $TLT, $DXY,
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Michael Kramer and the clients of Mott Capital Management, LLC own shares of NFLX, DIS, and GOOGL
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.