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Stocks were mixed on Friday but another late surge took 2 of the 3 major indices to their highs of the day at the close. The Dow was up 50 points, or 0.17% and that lagged the S&P500 and Nasdaq who saw percentage gains of about twice that. Small caps and the Transports were down on Friday, as were bonds, while the I-fund was given a handsome gain of 0.44% despite the dollar rallying sharply, so I'm a little concerned about Monday's price being adjusted down.

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The bears remain in hibernation for the winter allowing stocks to continue this relentless climb. Investors' fears of the Iran situation went quiet real quick when all was said and done. With that aside the signing of the phase one trade deal was in sight coming into this last week. Many anticipated a "sell the news" reaction but conversely it turned out the deal was not already priced in. A few changes kept investors on their toes but for the most part it was a relief for the market to get something ...

Stocks seem to be in melt-up mode - something folks were talking about as a possibility in 2020, but I was skeptical because it's rare that something talked about widely actually happens. It's usually more of a surprise, but apparently the only one who was surprised was me. The Dow tacked another 267-points as we head into earnings season, and a long holiday weekend.

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Stocks were up again on Wednesday, but they had to battle back from another midday sell-off triggered by more Trade headlines to do so. Most of the indices were seeing red with about 30 minutes left in the day after a strong positive open, so the bulls were prepared to buy a dip yet again. The Dow closed up 91-points and the small caps of the Russell 2000 led on the upside again, while the Nasdaq struggled to close positive.

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Stocks opened lower on Tuesday but the dip buyers were right there to do what they do best... until the trade war crept in the picture again. Just after about 1PM ET we saw a headline that said something to the effect of, no tariffs would be rolled back until a second phase trade deal is stuck between the U.S. and China. Stocks fell from that point, but gyrated a bit into the close, closing mixed but off the lows.

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