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March 24, 2006
Stocks Reflect Economic Strength
Why should we expect rates to rise? Because the broad market is strong and this is more indicative of economic strength than weakness. The S&P 500 Equal Weight Index (RSP) notched a new all time high last week and remains in a clear uptrend. That trend may have slowed over the last four months, but the index still managed to move above 170 in January and hold that breakout.
Posted by Arthur B. Hill at March 24, 2006 06:43 AM