We had a mixed market today with Google and Apple leading the Nasdaq higher. The SPX was essentially flat and the DOW retraced by 32. The market is at some resistance and the internals were broadly down on the advance/decline. The Dollar is higher today and Bonds appear to be less attractive as the TBT has recently spiked higher in anticipation of possible inflationary issues going forward. Look for the markets to rest or retrace for the short term however, earnings surprises could change that outlook.
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