All4one, the difference now is that its been M&A activity & share buybacks that have been supporting the US equity markets for the last 9 months or so & also a year ago QE whether you like it or not was in full swing. So although there were views on the US economy, equity markets have still run higher & perhaps they will continue to do so for a bit yet, but there now seems too much IMO stacking up against any sustained move higher from here.
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