US economy, Brexit, and the global slowdown during an equities rally

Equities continued their rally today, both in the US and globally. While the US rally was impeded by bad news for Boeing, the S&P 500 did eke out a gain on the back of a rally in tech. Cisco, for example, is up 29% since it bottomed on Christmas Eve, hitting 6 52-week highs in the process. And this is notable given the absence of positive economic data.

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