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Investor sentiment remains a touch softer after some profit taking in stock markets, with most equities trading lower. But the standout exception, once again is the Nasdaq 100 which closed at all-time highs last night. With Amazon, Apple and Microsoft leading the way in the first hour of trading, ‘plus ca change’ some might say as the technology index powers past the 10,000 mark.Currencies have undeniably pushed to extremely stretched levels, both in positioning and valuation. This is true on a slew of technical measures as well, with a number of indicators oversold on the big USD.... Read More
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