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A "Record Divergence": Why The Market Thinks The US Is The Absolute Trade War Winner
One of the fascinating things about the US stock market has been the resilience with which US stocks have decoupled from the troubles in the rest of the world, and more specifically, how tech stocks have continued to plow higher regardless of newsflow, even as most markets around the globe have slumped deep into correction territory. To be sure, a big part of that has been the tech sector's stellar margin expansion as discussed earlier... ... yet even so, the relentless and recurring "buy the dip" action observed in US tech stocks has amazed many pundits, and at times even the bulls have been impressed by the ... (full story)
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