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General Outlook
8/16/2018


Among all the major U.S. indices, the Nasdaq 100 is the clear outperformer. At the bottom of the list is a former star, namely, the Russell 2000. While the uptrend remains intact for the most part, selectivity appears to be the order of the day. This typically occurs in the latter stages of an aging bull market. However, despite the narrowing breadth, I do expect at least some of the indices to achieve new all-time highs in the coming weeks ahead of what could prove to be the deepest correction since the 'Summer 2011 Swoon'.


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