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Leuthold's Major Trend Index held at Neutral for the week ending August 14, even as the Russell 2000, S&P 400, and S&P 500 hit fresh all-time highs. Cooler inflation data offered little relief, consumer sentiment kept diverging from stock performance, and a rare bearish signal from both the Nasdaq and NYSE High/Low Logic Index points to a market still split beneath the surface.

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