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17Oct2016 Market Update: US Indexes Falling Fractionally As Fed MFG Gauge Falls, Crude Fall Into $49 Handle, Gold Climbs Modestly

Monday, October 17, 2016 10:54
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Written by Gary

US markets opened lower and have been trading sideways for most of the morning. Afternoon session show weakness (SPY -0.3%) which might show additional downside Wall Street downside. TheNY Fed’s manufacturing activity fell to a negative reading of 6.8 from a negative reading of 1.99, not good!

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