The deck was stacked against the market coming into the session.
Then Consumer Sentiment came in below consensus and at the lowest level in a decade.
The ten-year yield keeps edging higher and on the cusp of breaking a key resistance point.
Considering all these headwinds, I think this market is acting great. The last hour of trading could see wicked gyration. But as far as all the issues, from higher taxes and Fed tapering, I think the fundamentals supersede them and we’ll see that in the next round of corporate earnings.
Have a great weekend. Stay safe.
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