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S&P at new closing high, Nikkei about to break out and Aussie top in
You just can’t kill this US stock market rally with a stick. No matter who worries about it and what the long term macro strategists and hedge fund managers say it just keeps going which is helping the local market continue to push higher and the SPI 200 futures rallied again overnight gaining 18 points on the June contract. So it is likely to be another positive start to the day for Australian stocks but the Aussie Dollar is more range bound and quiet even though though the ANZ suggests that it’s time for a pullback as I wrote at Business Insider this morning. One of the reasons stocks closed higher was the ... (full story)
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