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An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the FOMC Minutes that sparked the waterfall with their more hawkish comments. For any and all that say "yeah but they're stale, we had CPI and Retail Sales since", see the chart below ...
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China said Wednesday it has imposed sanctions on 12 U.S. companies and their 10 executives in response to American arms sales to Taiwan, announcing its measures against Washington for the third straight day following the inauguration of the island's new leader. The 12 firms include units of Lockheed Martin Corp. and Raytheon Co. The measures include ...