(as of 6:45 AM PST)
It looks very quiet today. Almost every asset class is trading near even. Economic data has been generally positive. Industrial production was up and the producer price indicator was up, but just a small non-market moving amount. Europe is down mildly on Greek headlines while Asia is slightly positive on seeming stability in China. What has been a roller coaster week to start has evolved into a very narrow trading range. Markets are close to unchanged for the week having given back all of Monday's strong gain. Worries about a Federal Reserve rate increase are on everyone's mind and it seems that investors are not willing to commit at this point.
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