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The rally continued as the S&P 500 Index closed out May on the positive side. The disconnect between stocks and the economy generated widespread concern among some investors.
At the beginning of the first quarter corporate earnings reporting season, we noted the earnings bar probably wasn’t set low enough…
Stocks may have been due for a pullback after gains in late March through April and could potentially have further to fall.
The historically worst six months of the year have officially started, and combined with technical warnings, that suggests stocks may take a well-deserved break soon.
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