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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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From: rimshot12/31/2021 8:53:56 PM
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Tom Bowley blog post from SC, published Dec 31, 2021 evening -

stockcharts.com

" If you look closely, the huge move higher in the Core CPI took place during
the February-to-May period in 2021.
That's when growth stocks were crushed on a relative basis.
As we move into 2022, not much has changed. Inflation remains a big problem;

Wall Street is taking notice and moving much more decisively into defensive areas.
Over the past month, the benchmark S&P 500 has rallied strongly and set
new all-time closing highs.
But there's been one major change this time: defensive sectors have led the rally,
and that's NEVER a good thing."
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