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It's a "high-beta" rally today, says Eddy Elfenbein, with the leaders being small cap stocks -...

It's a "high-beta" rally today, says Eddy Elfenbein, with the leaders being small cap stocks - the Russell 2000 (IWM) hitting an all-time high - tech, finance, and cyclicals. This is notable because high-beta rallies often pull along lower-quality stocks with them.
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  • Macro Investor
    , contributor
    Comments (8782) | Send Message
     
    When the Fed is pumping money like it is going out of style, high beta is the place to be.
    2 Jan 2013, 11:16 AM Reply Like
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