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The S&P 500 futures trade 12 points, or 0.4%, below fair value, as lingering trade tensions and some disappointing earnings results from the retailers weigh on sentiment. Investors will also pay heed to the latest FOMC minutes later today.The White House, according to Bloomberg, is considering restricting up to five more Chinese companies from conducting business with U.S. companies without a license. The report comes after the U.S. recently granted...
The week we just had will wear out a person, especially a market analyst like your author who is tasked with analyzing and explaining the daily twists and turns of the stock market. To be sure, there were a lot of twists and turns this week on the same road to nowhere.Learning TimeWe learned that China is going to raise the existing $60 billion tariff tranche rate to a floating range of 5-25% from 5-10%, effective June 1, in retaliation for the U.S....
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