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I am a long-term bull in the age of MAGA; but, it sure seems like the lows will be retested unless the ESF on steroids really has the horsepower by itself to break the back of the bear (which I doubt).
Historically it’s been very common to have a selloff on a Friday afternoon leading into a weekend of gross uncertainty. There is also a dynamic of programmed trading that shakes things out at market bottoms. Markets are rarely ever “right”, they flip & flop more than I do about the true role of [RR] ;)