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Market Brief – Friday 6/17/22

Stocks rose and Treasury yields fell in overnight trading as investors continue to buy every dip hoping a big Bear market rally will soon start. Stocks and Treasury yields rose in early trading.

Industrial production rose +0.2% in May and slowed to +5.83% from this time last year. Manufacturing production fell -0.1% and Capacity Utilization rose to 79% in May.

Stocks closed higher and Treasury yields closed lower heading into the three-day weekend.