Market volume continues to be relatively weak, but the absence of institutional selling and the timidity of short sellers provides a sufficiently supportive environment for equities.
China has quietly bought stakes in America’s leading companies, and in various businesses all over the world. But the only way large amounts of US dollar cash can be readily and safely deployed is in US bonds.
The stock market indices ended on the plus side once again, but struggled in the morning. They opened lower, barely held support, then came on to retest the highs but couldn't get through.
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