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Chutes and Ladders

MRKT Matrix

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Is Jerome Powell's Word Too Transparent?

We're about 40 or so handles away from that 3940 level. If you see some robust numbers unexpectedly, I would submit that two-and-a-day moving average is in jeopardy and that trend line is as well. Goldman Sachs put out a note in terms of potential outcomes,. They thought the market could go down two and a half percent. But the in line is probably good enough to get a bounce.

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