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  1. Rally failure, or just a day a rest?

    Stocks ended their 3-day winning streak on another Turnaround Tuesday. We came into the day with more pressure in the market leading FANG stocks after the government reiterated their desire to initiate an antitrust / monopoly investigation on the big tech companies. But the real story was bond yields falling again, and traders have been following the yields almost every day lately, and it was a good excuse to take some profits after the 3-day rally.

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