S&P 500 Refuses COVID, Financial Warning Breakdown as Dollar Risk Profile Rises

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S&P 500, Dollar, EURUSD Points:

• With the S&P 500 leading risk trends to the cusp of a critical technical breakdown, sentiment held the line with a notable bounce in favor of complacency
• Cases of coronavirus infections in the US have hit a record high which poses a sustained risk to broad risk trends and potentially even a Dollar-specific fear
• Financial concerns have swelled with the Fed’s bank stress tests restricting stock buybacks and the IMF’s stability report warning market shave disconnected from value

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