After a great 4th of July, the S&P is giving back gains from Tuesday. We are still holding the 100 but, we got stopped out of Upro for a 2% loss. Rather, I was shaken out early (as we have rallied back). But with more negative data released today, maybe it was a blessing in disguise. Still defensive- in 85% cash- until we get more clarity. No need to rush in. Eyeing TJX and will update you with any further moves.
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