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KC Fed composite index -9 vs -1 prior

Prior was -1Six month index +11New orders -19Employment -2The six-month metrics are all good in this index but the present ones are poor and that's not the first time we've seen that lately. There's something strange in the PMI…

New record high close for the S&P index

US stocks close sharply higher with the S&P index closing at a new record level and above the 4800 level. The NASDAQ index led the way. For the week, the major indices all closed higher for the 2nd consecutive week after sharp declines…