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Well, well... a tidy 200-point rally in the S&P 500 (+5%) since the team at Politico gave us the green light to buy risk. Apparently, hedge fund "smart money"—or as we prefer to call them, mature adults without real investment mandates still searching for a purpose in life—ha...

 

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CPI | US Equities | Market technicals

Momentum indicators suggest S&P 500 is close to overbought territory.