Author: John Pugliano
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CONUNDRUM- Improving profits & declining GDP 240710
As the economy enters the second half of the year, we’re faced with two opposing trends: So, while improving profits will likely help buoy up the S&P 493, the broadening hasn’t fully developed. The equal weight S&P 500 along with the Mid & Small caps are still trading BELOW their 50 day moving average. Depending…