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Weekly Trader's Outlook
Stocks are down slightly today, around 0.50%, and are on pace for their fifth consecutive weekly loss, as broader concerns about trade policy, slowing economic data, and waning consumer sentiment continue to drag down investor optimism. All major indices were in correction territory at some point during the week, at least 10% below their highs, however, volatility has continued to abate, suggesting perhaps that traders believe there may be some near-term consolidating around these current levels.
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