April 10, 2013 at 15:07 PM EDT
Stock Market Rally: Are We Entering a "Parabolic" Phase?
The rally today is broad, with defensive names advancing at almost the same pace as cyclical names. The S&P 500 gapped up about six points right at the open, and judging by discussions with traders it's fairly clear that a market-friendly interpretation of the FOMC minutes was the main culprit.
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