Author: John Pugliano
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Ambiguously in CASH
The volatility for 2015 continues to be high. On May 6, Investor’s Business Daily changed the market outlook to “market in correction”. Two days later the S&P500 gapped up above its 50 day moving average, coming within 0.3% of an all-time high. Despite the jump, the market remains in “correction”. Year-to-date it’s only been in…