Friday, March 24

Indices fell today after it was announced that the house would delay voting on the American Health Care Act promised by the administration. This all but confirms consensus that this bill is doomed, and Monday is likely to see continued drops as this speculation is made reality when the vote finally occurs.

Crude prices fell slightly today due to a continued increase in domestic crude inventories, despite successful OPEC production cuts. This fall sent XLE down 0.4% and set energy as the worst performing sector in the S&P 500 today.

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