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One Rally That Has Blindsided Wall Street’s Throngs

It seems nobody on Wall Street can stop talking about how the S&P 500 just breached its 200-day moving average for the first time since November 2012. From bedazzled TV anchors to nouveau bears, it’s suddenly everybody’s favorite chart, minus Abby Joseph Cohen.

The other chart nobody wants to discuss is the significant outperformance of long-term U.S.

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