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In my Friday market-close update I said that the S&P 500 went nowhere and that the 0.28% intraday range (percent change from the low to the high) was the smallest of 2013 ... that is, until yesterday. The index spent the day hovering just below Friday's closing price in a microscopic 0.20% range. For some context, the average intraday range this year has been 0.86%. The index closed the day with a tiny loss of 0.02%.
According to the U.S. Treasury, the yield on the 10-year note closed at 2.99%, three bps below its interim high on Friday.
Here is a 30-minute look at the past nine sessions, which includes the big post-FOMC rally on December 18th.
It was a down day for most stocks, even if the S&P 500 finished higher by around 25 bps going into the CPI report and the FOMC meeting today. Apple (NASDAQ:AAPL) was primarily...
It was a good day for indexes as both the Nasdaq and S&P 500 managed to finish at new highs. Gains in the Nasdaq were enough to reverse the 'sell' trigger in...
Yesterday’s Daily mused about what will untie the Gordian Knot holding back the market from either crashing or rallying. While we wait, it feels like a great time to plan for...
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