While Summer doesn’t officially start for another 10 days, can someone tell the market that?! Activity remains eerily muted as momentum remains key amongst the narrowing few at the lead and ahead of a fresh May CPI print plus an update to the dot plots following the FOMC meeting this Wednesday. Both the S&P and the Nasdaq secured new closing highs even in the face of our weaker-across-the-board European brethren today. Especially given the hotter jobs number from NFP on Friday, a cautious t…
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