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Can the market move higher without a productive one two punch? While we are hopeful on the domestic front, the turmoil internationally seems unlikely to be resolved any time soon. Given these conflicting forces, the market is struggling to find the end zone.
There is growing concern that municipal budget problems are so severe that cities, counties and maybe even some states will default on their debt. Municipal budgets are strained, but there is heated debate on the scale of the problem.