Markets today had the potential to be a nothing done given a lack of economic data with a busy calendar for the rest of the week. And while the broader indexes all fell today, volumes did not have that Monday profile. For the S&P 500, activity was +10% versus the 20-day, and was +7.9% for the Nasdaq. The fact that the S&P 500 has posted a weekly gain 16 of the last 18 weeks, a first since 1971, traders are staying engaged, even on what should have been a quiet Monday. Rates and the Fed’s outloo…
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