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Stocks opened higher on Monday but repeated a pattern that we have been seeing after recent breakouts from consolidations. The rally deteriorated in the afternoon and the Dow and S&P 500 barely managed to hold onto small gains, while the Nasdaq, small caps, the EFA, and the Transports were all down on the day. Jerome Powell will appear before congress over the next two days, so yesterday's tentative action may have had something to do with that. Yields opened lower but came roaring back to ...