Markets red today as the calendar ticks closer to month end. While the MSCI will be the volume crescendo at Friday’s close, participants are still adjusting their positions into the end of May. As of now, the broader indexes are sitting on nice monthly gains (SPX +4.6%, CCMP +8%, RTY +3.16%), but obviously the month is not finished yet! The pull today of those monthly adjustments kept a lid on the markets as the S&P 500 opened lower by 74bps, and the Nasdaq 82bps. They did rally slightly off th…
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