Atlanta is a great example of how Black faces in high places won’t save us. Nor will a wealthy Black elite. Atlanta has the worst income inequality and highest eviction rates in the United States. ‘Black capitalism’ is still capitalism.
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Breadth has weakened a good deal lately, with the S&P 500 A/D line breaking this longer-term trendline.
Most definitely a warning sign, but as long as the S&P 500 holds above the June peak things should be ok.