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Laggards showing signs of life

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Euro Stoxx 50 (FEZ) made new 2019 highs on an absolute basis and relative to global equities. Several EAFE funds (VEA, IEFA, SCHF) made new 52-week highs. Largest high yield bond ETFs, JNK and HYG, both saw inflows of over $1 billion last week.

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