Last Friday we played Spot the Pattern, but today the question is, “Can you find the outlier?”  The first four trading days of June were characterized by solid and steady buying in the afternoon hours (on Monday there was a brief sell-off shortly after noon ahead of Fed Chair Janet Yellen’s speech), but on Tuesday, buyers took the day off.  What was a nice gain near the highs of the year around 1:30 PM ET turned into a small gain of just about 0.10% by the close.  Didn’t you like it the other way around?

Intraday Early June

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