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Mixed results as investors ponder events

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The market was mixed as the Dow closed down 26-points, 0r 0.10%, while the S&P added 0.25%, and the Nasdaq and small caps performed even better. So it feels like investors are still trying to process the new interest rate outlook from the Fed, the recent major merger, and any possible effects the meeting with North Korean had, as they try to piece together what these events will do to the different sectors.

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The ECB left interest rates alone and that caused the Euro to decline, the dollar to rally and the I-fund to lag badly on the day.

Bonds were up yesterday as yields dipped and the 10-year Treasury Yield pulled back to 2.928%.
Reminder: I apologize, but I'm going to be in and out of the office over the next couple of weeks [starting 6/7], doing some traveling. I will be checking emails and posting premium alerts as usual, and I will posting something here everyday, but it may be quick updates and my timeframes may be off a little.


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The S&P 500 / C-fund is still flirting with that rising resistance line and the old March high. It seems to be hanging tough but some of our indicators are quite stretched suggesting things are overextended and may need a break, so it may just be a matter of time before the resiliency of those large tech stocks can keep the S&P and Dow this buoyant.




Thanks for reading, and thanks for your patience over the next couple of weeks while I'm out and about. Have a great weekend!

Tom Crowley

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