On a year to date basis, the S&P 500 has once again slipped back into its drawn out range after attempting an upside breakout over the last few weeks.
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The Nasdaq and Russell 2000 have asserted themselves as the clear domestic stock market leaders through the year's first 5+ months.
As mentioned above, the pullback in stocks last week was due in part by the recent volatility of the bond market as the 10-year has fallen below its 200-day moving average and is testing major support on the longer term weekly chart.