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*This is a subscriber’s post, “The Early Update”, made public. Enjoy. 12:04 p.m. ET I am seeing some very interesting developments this morning, which started as another mirror reversal of yesterday, which was a mirror reversal of Monday. Most of the averages (S&P, Dow, NASDAQ) are trading unchanged. Transports jumped
The major indices all closed with sizable gains, ending near their highs of the day on heavier than average volume, and solid internals. Equities reacted to a sharp drop in rates on the heels of the better-than-expected October Consumer Price Index (CPI), which corroborated the market’s thinking that the Fed
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