The shortest month of the year is now behind investors and markets have bent, but not broken (yet) the work they did in January. The last couple of trading sessions of any month always gets the added element of positioning, and today was no different. After a sluggish start, equites rallied after economic data showed some deterioration once again. The weaker data did not change the Fed rate trajectory, but manufacturing (Richmond Fed/ MNI Chicago PMI) declined sequentially, and Consumer Confide…
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