Excess liquidity coupled with a synchronized global recovery continues to be the driver. While the broad equity markets have been all over the place in recent days/ weeks due to the back and forth of fiscal package uncertainty, the other markets have seen a fairly consistent trend: a weak U.S. Dollar, weak U.S. Treasury bonds, steepening U.S. Treasury Yield Curve, higher commodities, and relative improvement in small cap, emerging and economically sensitive sectors.
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