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Stocks wanted to rally yesterday but were held back by the massive gravity from planet NVIDIA which suffered setbacks. Some FOMC members are softening their language – it will take more than talk to move the needle.

Stocks had a mixed close on Friday as flash PMIs indicated stronger than expected sentiment from the guys and gals who make real decisions. You can ignore the fact that the Leading Economic Index has been negative since March of 2022, but you probably shouldn’t.

Stocks had a varied close yesterday the Dow skipping and the Nasdaq tripping on mixed global economic data. Housing data suggests a cooling of the hot real estate market, but historical volatility suggests it may not be long-lasting.

Stocks rose on Tuesday as slower-than-expected Retails Sales increased hopes for sooner rate cuts. Without a strong showing from Autos, Retail Sales came in with an anemic print which included a downward revision of the prior month.

Stocks rallied yesterday in celebration of… almost summer? Traders were still trying to make sense of last week’s up-and-down numbers, an FOMC meeting, and thickening storm clouds in the EU.

Stocks inched into a mixed close on Friday as right-swinging Europe exposed old Brexit nerves – is Frexit next? Markets are getting prepared for a summer of wordy FOMC bankers talking their talk right up to a first rate cut.

Stocks had a mixed close yesterday as investors were unsure what a good or a bad economic number looked like. Weekly new jobless claims jumped yesterday in another sign that the labor market is cooling down.