On this episode, we start by covering the news including the lower than expected CPI for July and how much the global supply chain has eased according to a certain index. We then cover the wild charts for the week and why even the slightest fundamental changes can invalidate even the stronger technical patterns (i.e. The CPI beat outweighed the multitude of bearish divergences). Last, we go over the five main reasons that the market has rallied this hard and what we think could come next.
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