Curt Renz Capital Resources

Stock Market

Market Outlook
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Elliott Wave International
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The popular stock market averages closed well to the upside on Friday. The yield for 10-yr treasury notes moved upward.

Congressional passage of the debt limit and budget drew some investors off of the sidelines. A mixed May employment report provided some hope of averting a recession along with a potential pause in the FOMC's hikes in interest rate targets.

Automaker shares cheered the compromise congressional agreement. Tesla (TSLA +3.1%) this week pushed above its 200-day SMA (simple moving average), a welcome technical sign. I own Tesla shares.

Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells
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