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Where do we go from here?
US stock market had its first loss of the week as technology companies and consumer products went south. Overall earnings were quite bullish for markets, but there are the usual post earnings pessimism permeating markets that this is about as good as its going to get But investors should also take note of surging oil prices and the possible inflationary impact they could have on sending the US yield curve higher, which could prove to be the markets undoing. Oil Prices Saudi Arabia with OPEC’s support is looking to draw a new line in the sand for Oil prices and added another level of intrigue to the already bullish ... (full story)