Author: John Pugliano
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US equities fiddle while the rest of the developed world burns
Today the S&P500 hit 2,000 for the first time, shrugging off the recent mid-summer doldrums. Stocks have recovered nicely from the brief two week reprieve of about 4%. Now they’re roaring to new highs, albeit in lower than average trading volume (the same phenomenon we’ve seen all year). Not so much for the rest of…