Global equity markets continued their climb with the S&P 500 hitting new all time highs on Thursday before backing off. Small Caps (IWM) and value stocks roared, ignoring a massive correction in U.S. Treasuries. Small caps ended the week up almost 5% on good volume, while the S&P 500, the Dow and the NASDQ 100 all paused just below all time highs, up on average +1%. We can attribute this market reaction to cause and
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