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S&P 500 (SPX)

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5,011.12
-11.09(-0.22%)
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S&P 500 Discussions

Earnings are great an all, but what really matter is Consumer Confidence and what the Fed says. Consumer Confidence came in worse than expected. The Fed is a complete toss up. As far as I'm concerned, even if they do nothing, if they just say "we continue to support the market by any means", then the bears are screwed. If they say the economy is in a long road to recovery and they are stepping back to see how it all plays out, then the bulls are probably screwed. The 10Y and dollar index will be important tomorrow to see if risk is on or off and gage how the big money interprets what the Fed says.
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