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13Oct2016 Market Update: US Markets In The Red, DOW Down 86 Points, US Dollar Slips After Crude Inventory Climbs Sharply, Analysts Warning Of A Bearish Market Ahead

Thursday, October 13, 2016 10:46
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Written by Gary

Wall Street has cut some morning loses, but remains in the red (SPY -0.6%) after Crude inventory builds sharply after decline in previous weeks. Volatility in the crude arena was interesting, but trading has returned normal. The US dollar is declining as well as gold. Indicators show a strong bearish trend in the making.

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