Stocks Mixed into Final Hour on Light Volume

BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Medical longs, Internet longs and Biotech longs. I covered my (IWM) and (QQQQ) shorts this morning, thus leaving the Portfolio 100% net long. The tone of the market is neutral as the advance/decline line is about even, sector performance is mixed and volume is below average. The growth rate of the weekly ECRI Future Inflation Gauge rose 1.5% as of June 9. This is down from a peak of 8.6% growth during October of last year and 6.4% during February of this year. This gauge of future inflation continues to trend lower. I expect US stocks to trade mixed-to-higher into the close from current levels on short-covering and bargain hunting.