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Treasuries Rally as Data Disappoints:Treasuries are trading at their best levels of the day after the mostly disappointing data. Initial claims jumped to 313K (288K expected) and durable orders- ex transportation fell 0.9% (+0.5% expected). Personal income was light at...
Time to cue the broken record. The market is overextended and due for a pullback, yet it kept going up yesterday. It is indicated to open about 0.2% higher today. The bulk of Monday's buying interest was concentrated on the Nasdaq and Russell 2000, which gained 0.9%...
 
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