The indices have gained a little ground, but individual stocks are all over the place. Not much rhyme or reason to how anything seems to be moving. Oil is off it’s highs, but still above $139bbl, and the Energy people say US oil consumption is down 3.9% y/y, the lowest in April since 2002. No buying conviction or selling conviction. There’s some talk that the S&P will hit 1300….The Fed’s set 3-day repo of $6.75B.
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