It has been choppy action of late after the surge we had early in July during the holiday week. Stocks exited that week very overbought short term and since then we had a needed minor pullback followed by some geopolitical issues. All in all things are doing well in the large cap area while small caps have been a bit more troubled. So for the indexes we focus on each day things look ok. Today the S&P 500 gained 0.50% and NASDAQ 0.71%. In economic news, the consumer price index rose 0.3 percent last month after a 0.4 percent rise in May. The core measure, which does not take food and energy costs into account, increased 0.1 percent.Continue reading
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