• It’s disappointing that the stock market gave back much of its early gains in the afternoon.  Given that the Russell 2000 index is getting quite overbought, we also have questions about whether the “rotation” trade of the last few days will continue…at least over the near-term. 
  • It’s astonishing.  After completely dismissing the chances that Biden will be replaced on the Democratic ticket on Sunday, many political pundits are raising those questions once again (already).  We’re not picking sides…we’re just saying that it’s not a lock that President Biden will be the Democratic nominee. 

 

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