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OPINION

Markets Survive Big Hits To Apple And Amazon

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
AP Photo/Mark Lennihan, File

Initial observations...

Market may be looking past supply chain and inflation issues. The ten-year TIPS (Treasury Inflation-Protected Security) is in freefall.


There is lots of economic data, with the brightest spot coming from the Chicago PMI, which came in stronger than expected.

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The business barometer is climbing to its highest level since July. Perhaps, the most encouraging note is employment has increased for 4 straight months.

To see the chart, click here.

I am very impressed with this session, which could have been a disaster, considering the hits taken by two behemoths, Apple (AAPL) and Amazon (AMZN), which are both well off the lows.

Have a great weekend. Stay safe.

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