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After a weak start to the session, the S&P 500 rallied to close at the high. While the move indicates the potential to see a near-term rally off of an oversold level, the overall tenor of the market remains bearish. With the Fed likely to raise 75bp on Tuesday, the interest rate outlook and weakening economy may spoil the bullish party. (KR, MCD, XHB, SLV, USO,KGC, XLY, FCX, XLF)…
