Market Wrap Thursday

Good Evening,

Macro:
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 Q2 GDP mildly disappointed, but with a strong revision to Q1.  Jobless Claims printed at Consensus.
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1) Major equity indices closed nearly unchanged, with the NASDAQ Composite in the lead.  Volume was above 2015 norms, but below what we’ve seen in the immediately recent past.
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 2) The Energy sector was the day’s weakest performer on lousy earnings, and soft oil prices.
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 3) Utilities were your top performers as a direct result of strength in the Treasury market.