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Market Primed For Mid-February Strength

Conciliatory tones from Putin today and news Russia has
pulled back some troops from the Ukraine border are helping stocks stage a rebound.
This sets up well with the typical February seasonal pattern over the recent 21-year
period. However, the latter part of February is often prone to seasonal
weakness and we would not be surprised if stocks continue to test the lows and
build support after a day or so of mid-month strength on the peaceful developments
out of Ukraine today.

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