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Stocks rallied early but faded late, possibly triggered by President Trump's message that he would be giving a news conference Friday regarding China. That is a story we figured would get the market's attention at some point. The Dow lost 148-points and the S&P 500 gave up a 1.1% earlier gain to close down modestly. Bonds were down, and the I-fund was up on a weak dollar and the early strength in the U.S. market.

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