John Murphy: S&P 500 IS TESTING JANUARY HIGH — INVESTMENT GRADE CORPORATE BOND ETF HITS NEW HIGHS — PULLBACK IN US DOLLAR MAY GIVE TIPS A LIFT — WEAKNESS IN CHINESE STOCKS MAY BE WEIGHING ON COMMODITIES –REITS HIT NEW HIGHS

I wrote on Tuesday that the number of stock indexes and groups hitting new 2010 highs called for a test of the January high by the S&P 500. Chart 1 shows the S&P in the process of doing that. I...

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