Too Fatigued to Pretend

Five hours’ worth of nervous distribution on Wednesday left the broad averages too depleted to rally into the closing bell. Instead, they took the path of least resistance and headed lower, tipping their hand for tomorrow. Barring unforeseen news that could stir the market’s bullish juices, we should look for the weakness to persist into week’s end. That would imply surrendering most or all of the gains achieved when word of Marine LePen’s failure to capture the French presidency hit the tape Sunday night.