The equity dance party continued today, and everybody joined in the fun – the S&P, Nasdaq, Dow, and Russell were all exultant, each closing at new record highs. Market direction was once again set by Nvidia (+3.5%) as the company unveiled its next strategic move with a 4.5% investment in Intel (+22.8%). Treasuries, however, were dateless in a corner, coming under selling pressure after hotter-than-expected economic data drove yields up across the curve. Fresh U.S. data showed weekly jobless cl…
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