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Posts Tagged ‘Commentary’

Economic recovery remains the baseline outlook. This week gains were reported in industrial production, housing starts and leading indicators. There was, however, a bit of a cautionary breeze coming from an inflationary direction. Industrial production rose 0.8 percent with manufacturing alone up 1.1 percent with improvement in motor vehicles, machinery…

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Rallying, with record volume on EBS, a lot more than we had allowed for after touching a multi-year low at 84.82, so that this now looks like an ‘extension’ and ‘spike low’. This suggests that the ‘channel’ will hold for many months to come, though keeping the downside bias thanks…

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