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June 10, 2025 at 12:45 p.m. EST
It has been a very quiet start to the week ahead of tomorrow’s inflation data. The trade negotiations between the US and China have somewhat surprisingly extended into a second day. There has been some optimistic commentary about progress of those talks but there hasn’t been any material readout thus far. Yesterday the S&P 500 traded in a <0.5% range closing around unchanged. Today’s session has also been listless with the equities grinding modestly higher. In a continuation from last week small cap indices have been outperforming up ~1.5% for the week. The Russell 2k is now within 1% of its 200d moving average a level it has been trading below since February.
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