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Transcripts For CNBC Closing 20240704

And message next week. You see the ten year there at 430. Small cap, russell 2000, up slightly today. Off 2 for the week. We have some soft guidance from adobe. Thats weighing on the software sector. Pulling down the nasdaq by almost 1 . While energy shows pep on a strong run for crowd prices this week crude prices this week, happening on a quarterly session featuring heavy index rebalancing at the close in less than an hour, as well. Which takes us to our talk of the tape. Is all this churn just about an overheated market cooling off a bit after a rapid spread higher, or is it the start of what would be the first notable broad pullback in some five months . We posed this question to cic wealth executive Vice President and contributor, malcolm, welcome. Good to be here. Were up 16 of 19 weeks in the s p. Havent had a 2 pullback on a closing basis in one of the longest stretches in history. Which leads you to say, okay, were due fo ....

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