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Over the past week the S&P is relatively breakeven. But if you ask the average investor how they are doing they will tell you unequivocally that this weak has been downright brutal.
That’s because we are going through the same kind of consolidation and sector rotation period experienced a dozen or more times since this bull market began 20 months ago. That being where all the money flows to the FAANG stocks (and some of their best friends) and everyone else gets kicked in the groin.
