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Global and US stocks continued to trend higher as investors became more optimistic about the pace of the economic recovery from the Covid-19 pandemic and gave little attention to the ongoing US-China confrontation over Hong Kong.Technical vs. FundamentalLooking at the S&P 500 index chart, bulls seem to be in strong control. The index is not only up 38% from its March 23 lows but has also cleared significant psychological hurdles.1 – The index closed above 3,000 for the first time since March 5.2 – It has crossed above the 100 and 200-day moving averages, a signal for... Read More
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