US economic news was strong. The Fed raised rates (see the bond market review for detailed analysis), indicating their confidence in the economic environment. Both LEIs and CEIs increased; the former rose smartly, while the later are a bit weak thanks to the shallow industrial recession. Housing starts and permits also rebounded. The markets, however, are weakening. The SPYs are fluctuating around the 200 day EMA; the IYTs are flirting with 1-year lows and the IWMs are 2.5% below their 200 day EMA. The QQQs are the only average in r
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