Caution prevails

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Summary

The Day So Far…

Another quiet morning thus far with a small dose of negative sentiment lingering from the brief down tick that was seen early in Wall Street trade yesterday. This is evident in the moderate moves higher in the fixed income space with gold also well supported above $1,250 in the European session. A number of questions have come my way in regards to why the US equity market fell yesterday and subsequently recovered by the close on Wall Street which we can discuss.