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By Chris Becker
As I expected after several days at stall speed, the S&P500 has broken through overnight this time to a new high, possibly on the back of comments by Federal Reserve Kocherlakota speech in Minnesota where he reiterated a longer time frame for rate rises.
The S&P rose 0.5% with the NASDAQ up 0.6% with European markets also shooting higher, this time on a better than expected German ZEW economic sentiment print. The DAX rose nearly 1.7% surpassing last week’s high and gaining huge momentum here:
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