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Grayscale Bitcoin Trust (GBTC) & Sector Scopes / BPI Update

Stock markets struggles into May have broadened out into other asset classes in the last week, suggesting that following a huge run over the last year, we may be seeing a trading correction or retrenchment unfold. In this issue of Equity Leaders Weekly, we look at recent action in Bitcoin and relative strength among equity market sectors as indicators of the current state of investor sentiment.

Target Corp. (TGT)

Boosted by a stronger than expected earnings report, US retailer Target (TGT) rallied 6.0% yesterday and climbed three spots within the Green Favored Zone of the SIA S&P 100 Index Report to 13th place. Since last summer, Target shares have been steadily advancing in a step pattern of rallies followed by periods of consolidation at higher levels.

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