Market Wrap Tuesday

Good Evening,
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Macro:
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FHFA HPI beat, Richmond Fed missed.
tonight: Caixin (formerly HSBC) Manufacturing Flash PMI…consensus is 47.6
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1) Two questions creeping into today’s conversation.
     A) Is this the beginning of the end for the debt super-cycle?
     B) Are people losing faith in the ability of the central bank to manage monetary policy?
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2) All four major equity indices took serious beatings on moderate trading volume, but did manage to close well above the lows.  Looking for a story, and not buying my first bullet point?  You can say that markets were slapped around due to concerns over Chinese demand that caused weakness in commodities, that the whole ball of wax was exacerbated by the perceived confusion at the Fed.
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3) All ten S&P sectors finished lower.  Without Hillary Clinton’s input, the Healthcare sector out-performed the market in general.  There was something close to an eight way tie for worst performing sector.
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4) Oil and Gold were also lower today.  You pretty much had to be in Treasuries in order to avoid getting kicked in the teeth.
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5) Wishing all of my Jewish friends am easy fast.  God bless.