ITAÚ: Tempest in a Tea Pot – What Does It Tell Us?

The recent financial market correction came and went in what seems like the blink of the eye. Several gut-wrenching down weeks, across assets and around the globe, followed by several up weeks, likewise across assets and worldwide. US equities have been the clear leader in both directions, coming within an inch of a 10% correction before rebounding smartly (though on very light volumes).

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