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Morning Market Stir: Trends Becoming Exhausted as Reversals Unfold Across Markets

Equities had another record setting week, with the dollar reversing on Friday as crude and gold attempt to bottom out

Monday, November 17 – Alan Knuckman reports from the floor of the CME Group in Chicago where equity futures had another record week. The e-mini S&P futures hit a new all-time high of 2,043.5 before closing on Friday at 2,038. The Dow finished positive for the week at 17, 604, and the Nasdaq led the way, gaining 1% on the week to 4,222. The dollar hit new highs before closing lower at 87.59, with the Euro finishing at 1.2528 and closing positive on the week. Bonds did not move much, closing at 141'22. Crude was positive on Friday after a loss for the week, closing at 75.80. Gold had a big move, finishing at 1,186. This morning, equities are pulling back, with the dollar bouncing, bonds up, crude down, and gold up slightly.

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