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MARKET WRAP

Another curious move in the equity markets.  It appears as though fund managers are front running the expected second half recovery and piled into stocks today despite weak economic news.  Stocks started the third quarter out with a 0.44% gain.  The dollar was weak once again as the Euro and Yen gained.  Oil fell about 1%, gold gained 1.4%, natural gas declined 1.1%, copper rose 0.4% and the VIX fell 0.5%.

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