Afternoon Note
It’s full steam ahead for the stock market enjoying a solid session, thanks to a benign response in bonds to the higher-than-expected PCE inflation report.
Next week, it will be intriguing with big companies reporting and the jobs report on Friday.
Energy (XLE) and Utilities (XLU) are down. I wonder about both as proxies for economic prosperity.
Tons of money has been coming out of the US Oil Fund.
Have a great weekend.
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