Stocks are grinding to novel highs today, on the dorsum of a weaker dollar, stronger commodities, as well as a ascension inward 10-year Treasury rates. We're seeing item forcefulness with minor cap issues, as well as this is reflected inward the ascension inward the number of stocks registering fresh 65-day highs (over 1500 as well as thus far today). Today every bit good provides us with novel bull highs with most of the sector as well as index advance-decline lines.
The breadth of the recent forcefulness (advancing stocks outnumber decliners yesteryear over 1200 issues every bit I write) is providing unopen to momentum to the recent rally. We run into a recent designing inward which weakness early on inward the 24-hour interval is met yesteryear buying interest. I translate this every bit a continued pressure level with coin managers to seat coin to operate as well as present their clients meaningful participation inward the run a hazard rally.
We've seen quite a few questions well-nigh the rally from a key perspective, simply every bit long every bit sideline uppercase is buying run a hazard assets as well as those intermarket themes are inward play, stocks should proceed to sense support.
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