U.S. equity markets have reversed course in the month of May and once again look to establish new all-time highs. I credit the heavy hand of the Federal Reserve who synthetically cut interest rates by "slowing the pace" of their balance sheet reduction. The S & P 500 has risen nearly 10% in 2024 and has racked up twenty-two new all-time highs. Since I believe that this recent Fed-induced rally will stall, I want to be positioned to capture another potential pullback . .
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