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" ... And of course, there’s the bounce in U.S. equities since last week. Major indices remain lower than earlier in the month, but some participants may be thinking the market had gotten oversold and have been buying the dip. There’s also an argument to be made that the market might be setting a new range that revalues stocks a bit lower than they were earlier this year. That could be healthy, especially considering that company earnings growth could begin to slow in 2019 as effects of tax reform dissipate. ... "