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Another Day Another New Record

The markets ended narrowly mixed yesterday, but both the Dow and the S&P closed at new all-time highs.

Earnings season will take center stage for the next several weeks. And so far it's off to a solid start.

Tax cuts will remain in the news. But it's been a supporting factor so that's just fine.

In other news yesterday, retail sales, via the Redbook report, showed that sales rose by 3.6% on a y/y basis, beating the previous month's snapshot of 3.2%.

Industrial Production was up 0.3% last month vs. the previous month's -0.7% and views for 0.2%.

And the Housing Market Index jumped to 68, which is a 6.25% increase from the previous month's print of 64.

Once again, the economic news continues to support this market, and history is being made in the process.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research

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