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Afternoon Note

Everything Is Up

By Charles Payne, CEO & Principal Analyst
3/26/2024 1:08 PM

Stocks are slightly higher, but there has been a sense of hesitation.  That could change into the close, but I suspect buyers are hoping a few weak hands blink and bail.

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Everything is up. 

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Headline number was 104.7 from 104.8 in February, while the street was looking for 107.0. 

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Consumer do not expect much inflation relief over the next six months.

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The Richmond Fed also a big miss -11.0 versus consensus -4.0.

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The numbers are really demoralizing. 

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This morning, I wondered if bad news would be good news. The market isn’t sure.


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