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After another hot CPI report, stocks opened on Friday with a barrage of selling. There was some stabilizing after the initial decline and into the final half hour of the day, but before heading into the weekend there was another push lower into the close. The Dow lost 880-points and it was another one of the those 2 -3% moves that we have come accustomed to seeing this year. Bonds were also down as yields moved up on the prospects of higher interest rates still to come.

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