The market’s various signs today are still short-term bearish.

1. The energy sector is much weaker than both the S&P 500 and oil prices.
2. Interest rates are under short term downwards pressure as global inflation subsides a little bit.
3. the U.S. stock market is no long reacting positively to bullish economic news.

http://markethistory.org/u-s-stock-market-on-may-12-2017-thoughts-and-outlook/

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