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Apologies for the delay in publishing this week’s market notebook.
Equities appear to be trading in a range near recent highs. The bond complex also appears to be trading in a multi-week range. Range bound trading suggests market participant’s sentiment is somewhat evenly split between bulls and bears.
Economic indicators as measured in this notebook are painting a positive picture for economic activity.
It is possible that range-bound trading will continue until market participant conviction increases.
– Best
Cory Haupt
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