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[Chart courtesy of MarketWatch.com] Moving the markets Red numbers were the theme this morning with the Dow and S&P 500 hovering below their respective unchanged lines with the former showing far more weakness than the latter. Resisting the early bearish mood was the Nasdaq, which maintained its bullish position, built on it throughout the session and ended it with a …

[Chart courtesy of MarketWatch.com] Moving the markets Despite consumer prices accelerating at their fastest pace since mid-2008, with the Consumer Price Index (CPI) rising 5% YoY, you would not have known that by today’s market reaction. Apparently, the investment crowd has bought the theme spewed about by the Fed that inflation is or will be “transitory.” The markets shrugged off …

[Chart courtesy of MarketWatch.com] Moving the markets An early upswing for the major indexes ran out of steam mid-morning with all three of them plunging into the red. This dip below the unchanged line did not last very long, and a slow but steady recovery pulled the indexes out of that early hole and back into green territory. However, only …

[Chart courtesy of MarketWatch.com] Moving the markets The Dow and S&P 500 lost their early upward impetus and slid most of the day besides not being able to pierce overhead resistance, despite hovering within striking distance of new all-time highs. For a change, the Nasdaq showed more strength and ended the session moderately to the upside. Some analysts see the …