The 30 year bond auction also showed poor demand

S&P 500 (Jun 13) INTRADAY Review Yesterday’s S&P strategy worked really well with the long entry providing the support that defined the low of the US session the index bounced to find resistance right on our first profit target. The Initial Jobless claims data continued the strong run of form we have seen from the US data with a number of just 332k. The Dow Jones continued to drive higher and posted its tenth up day in a row which has not happened since 1986. The Fed bank stress test

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