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On the SPOT™ blog (04/20/2023) [T..]

This morning's economic data seems to indicate a slowing economy. Unemployment claims rose, existing home sales dropped and there was commentary about financial conditions remaining tightened. All seems to be in the direction that might help taming inflation. Earnings season has shown stability in big banks but lending might get more cautious that might further help taming the inflation by having an effect of slowing economy. TSLA results might also be affecting the color on the index as all three major US indices appear to be in the mild red. Remains to be seen how markets close today.

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