Post-FOMC Comeback in Equity Markets Continued, DJIA and S&P 500 Back to Record Highs

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The post-FOMC comeback by the equity markets continued last week, sending the DJIA and S&P 500 back to new record highs in time for Christmas. Notably, the DJIA eclipsed 18,000 for the first time, having rallied more than 1,000 points in only five trading days. The dollar continued to strengthen against the euro and the yen, while yield on the benchmark ten-year U.S. Treasury moved higher

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