After this week’s market wrap-up, Ari Wald, Head of Technical Analysis at Oppenheimer, explains why US stock market technicals are still healthy when looking at breadth and types of sector leadership. He argues that the S&P 500 is exhibiting mid-cycle conditions and not late-cycle as some are arguing. Ari also discusses why the performance of Europe is critical to the current global recovery underway, which, if Europe indices break higher, will make many strategists forecasts too low, in their view.
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