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“We’re not even close to conditions” for a bull market, argues David Lundgren. “We’ve gone from broken and oversold to broken and overbought…which in a bear market is a rough place to be in.” He compares the current technical data and market momentum to the 2008 crisis to show defensive positioning signals flashed early.

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Lundgren: Market in a ‘Rough Place to Be’

Schwab Network

Lundgren: Market in a ‘Rough Place to Be’