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Pocket Aces – Play or Fold?

Pocket Aces — Play Or Fold
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In late March, after the run-up in S&P 500, Bullish sentiment had improved and we were within 3% of our all-time highs. We advocated that traders pare back equity positions given seasonal weakness and a plethora of headline risk. Today, the S&P 500 is marginally higher, however, it has not yet broken out to new highs. But it will. This will be the year that the “sell in May” thesis fails.

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