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OPINION: Fat Prophets' Angus Geddes on the period of ranging consolidation as last year's overbought conditions find equilibrium.
It was a delayed reaction but markets eventually rallied after taking a second look at Mario Draghi’s stimulus package on Friday with the S&P 500 and Dow up 1.64% and 1.3% respectively to close at 2022 and 17,213. This is the highest close for the US indices so far in 2016 and the S&P500 is only 1%
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