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Market May Test 52 Weeks New High Because Of Extremely Risk Aversion

Tomorrow JPM is going to announce the Q2 results.

With strong USD, EU countries including Germany to PIGS countries will have a good trading data and benefit the cheap oil and EURO.

The huge money went to save heaven US treasury bonds/bills.

Some of the money might be regretted because of later better Q2 GDP.

Q2 GDP might be around 3.0-3.5 for US and we will see a good rally after that.