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As we discussed last Saturday, it was important for the markets to hold within a consolidation band, or break out to the upside, if the bulls were going to maintain control of prices in the short term. The return of "Tariff Man" put the markets back on edge.
As I noted then:
"The market's stellar run is set for a breather over the next couple of months. Specifically, as we approach the end of the seasonally strong period, the odds of a 'reset' rise markedly."