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The E-Mini S&P 500 retreated from the highs of the day of $1419.75 as US Consumer Sentiment fell under expectations. Inflation concerns held the backdrop in the market as the crude oil prices are still quite high in a pre-election scenario. Further concerns point to US unemployment remaining at high levels and the Euro Zone may have more recession fears and further potential default worries. US Consumer Confidence survey decreased to 70.2 in March from a revised 71.6 reading the previous month. While backing off from the February high, this still was the second highest reading in about a year.
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