Investors are focused on what has so far proven the narrow breadth in the market in 2023, and looking ahead to PMI data Monday morning.
that have been carrying the rest of the market, and whether there could be an intermediate-term correction if breadth doesn't improve.
"Recent banking sector developments are also encouraging, and repeated signs of labor market strength are reducing the risk negative outcomes. Monday service PMI numbers and factory orders could help reinforce the positive narrative," he added.
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