Quick Market Update

Just a quick one today after the markets failed to hold on to the breakout to new highs. The selling was definitely overdue, but does not necessarily mean we are due for the major correction a lot of people are looking for. A 2-3% pullback here would actually be very healthy and allow markets to regroup before having another crack at the multi-year highs. On the bearish side, some of the economic data recently has been pretty weak and there are also a couple of other warning signs.

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