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After Year-End Rally, Rate-Driven Risk in '18?

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Year-end rally prospects supported by improving breadth and room for rising optimism. Risk of 2018 decline would be supported by complacency and signs of a negative impact from rising bond yields. Changing correlations already indicate that ongoing yield advance would be a negative influence on Technology, which dominates global market cap.

Ned Davis Research | Equities | Global Focus | Weekly

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