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What a week – after fighting up to all time highs, it’s like the market keeps banging its head on higher highs and then shrinking away. It’s done that every single day this week, not really selling off, but not powering through, either.
There’s a lot of low volume, and when you couple that with a failure to break out… well, we’ll talk about what that means.
At the same time, we’re seeing action in our inflation yardsticks, gold and Treasuries – whether it’s gold going up or Treasuries going down or some combination of the two.
We’ve got our hands full tonight. Let’s get right into it.
