3800 handle?
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DB's Kocic weighs in on the rates vs equities debate: 1. The first two weeks of the month showed a positive shift in market behavior away from addiction. 2. Good news was being received positively, indicating a healthier market. 3. The last three days have seen a relapse towards more negative behavior. 4. If this trend continues, there could be a 5% downward correction in the S&P towards the 3800 handle.