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Small-caps have outperformed, which helped to produce improved breadth and better stock picking, and the action is no longer being driven by trade headlines.
After seeing the idea raised -- and derided -- I found that the Dow has been over 27,000 twice this year and each time it did this....
The chip manufacturing giant issued strong Q4 sales guidance, offered upbeat remarks about 2020 5G phone demand and hiked its capital spending budget.
Without danger of major macro news and with earnings landing, investors focus on merits of individual stocks once again.