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Stocks Bid Into the Friday Close

EQUITIES
  • E-mini S&P sees some more buying interest headed into the close, new all time highs printed for futures at 4,106. This extends the RSI into overbought territory - now at just over 71 points and highest since late Aug/early Sep last year.
  • Catalyst may have been Lagarde speech on CNBC, ECB President said the PEPP envelope could be expanded or extended if required, although was a delayed reaction if so, and nothing we haven't heard before from the ECB.

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