I know we have a race some losses by it is impressive given the volatility we saw with those fed minutes. 5 im glad you bring those up. It is which that fared the worst this week. Telecoms andities, Consumer Staples declining by 2 or more. You can see utilities are the worst performers of the bunch. If the fed is going to start raising rates earlier, that makes them less appealing. Picturear the bigger , the record high was set last may 21. Onhave had the fed following february 11. Belowar later we are 3. 5 that alltime closing high. Looked many times it like we would break that record only to be denied again. That is the story, on those hawkish minutes. Here is the chart. You can see were at the higher in of that range as the market gets set for a continuation. You see that jump up in the last few days. That is the defining story of this week. We are still very much range bound. Looking at the dollar, the dollar consolidating its recent gains. It has advanced for three straight weeks.
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