• We saw some oddly timed action in the stock market yesterday.  So, maybe the quarterly rebalancing that everybody talks about each quarter…but rarely has much impact…just might create some more interesting moves before the week (and quarter) are over.
  • When an important inflation report his the news tape, the stock market almost always starts reacting to it one hour later.  This week, the markets won’t be able to react to it for three full days.  When people have a lot of time to think about an important data point, the reaction can sometimes be an outsized one. 


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