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Groundhog Day

Today's trading session looks very similar to yesterday. The major stock indexes made a morning low during the first 30 minutes of the trading session just like yesterday. The U.S. Dollar Index pulled back from the morning highs helping the markets to inflate higher just like yesterday. The Federal Reserve Bank pulled off another $6.8 billion POMO operation just like yesterday. I'd say this was a groundhog day or a repeat of yesterday.