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The NASDAQ is staying close enough to 8000 at this time to assume that the market can at least attempt another shot at extending the move above there toward the April high at 8176.
As the algorithms play "Fed bingo," key features of the headlines from Wednesday's FOMC meeting include the dropping of the term "patience" and the rolling out of Fed Chair Jerome Powell's line on "acting as appropriate to sustain economic expansion."
We expect the German Ifo index to fall to 97 in June from 97.8 in May, which would be the weakest level since November 2014.
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