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INDEX STRENGTH: +2
The market remains stuck in neutral. Strength in the semi’s and large-cap tech is masking weakness in the overall market. The lack of a Debt Ceiling agreement continues to be a major shadow on the markets. The VIX remains below 20, and sentiment continues to be negative. The short-term index is at +1, while the long-term index is also at +1. The debt ceiling will be the major catalyst until an agreement has been approved by Congress.
May 29, 2023 9 PM ET