US stocks were flying today as key headwinds faded. The S&P 500 continues to rebound off the October lows and was up for the fourth day in a row, posting the fifth best up day this year. Many traders saw Powell’s comments from yesterday as dovish; driving long term US treasury yields and the dollar lower. The US 10Y and US 30Y are now down 35bps and 30bps respectively over the past two weeks. All S&P sectors were up on the day, with banks one of the noticeable outperformers after Bill Gross st…
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