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• The S&P 500 gained over 1%, although its highs and lows were inside of yesterday’s intraday range.
• Since the hawkish toned FOMC decision, it has been the highest dividend yield stocks that have fallen the most.
• Policy changes have resulted in a surge in the number of delinquent student loans with 38% of total borrowed student loan balances in forbearance or deferment and 12% in default.

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