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07Apr2021 Market Close: Small Caps And Cryptos Clubbed As Bonds And The Buck Bounce, Nasdaq -0.1%, US Dollar 92.40, Bitcoin Slips 55800, DOW Closes Up 16 Points


Stocks slipped a bit around 1115ET when Fed's Kaplan warned "I do worry about excesses and imbalances," adding that "failing to communicate Fed exit could stoke risk-taking." Kaplan went to say that The Fed "should withdraw some accommodation once the pandemic is over."
Then Yellen unveiled her Tax America plan and that spooked stocks further.
Stocks then rallied on The Fed minutes which really didn't say much at all - and were thus interpreted as dovish, as there was little to no sense that policy makers were worried about an overheating U.S. economy.
As is clear, Small Caps were the day's biggest losers with Nasdaq holding modest gains and the Dow/S&P flat...

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08Apr2021 Pre-Market Commentary: Wall Street Stock Futures Were Mostly Higher This Morning, DOW Down 17 Points, Nasdaq Up +0.8%, WTI Crude 59.55, US Dollar 92.28, Bitcoin 57100


Oil prices slip on concerns about oil demand and rise in gasoline stocks (SPY +0.3%). Weekly jobless claims higher than expected by 16,000.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The U.S.-China Trade War Isnt Over Yet
When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part of his 'America First' policy. A year later, he imposed hefty tariffs on a wide range of goods from the Asian nation, sparking outrage and retaliatory tariffs from its trading partners. A year ago, Washington and Beijing inked the Phase One Trade Deal whereby Beijing committed to importing an extra $200 billion worth of American goods over the next two years, including

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