Stocks barely budged on Monday as gains in energy stocks offset losses in raw-material producers.
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STOCKS DO NOTHING: Here's what you need to know
Stocks were once again little changed on Monday.
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- Dow:
- S&P 500:
- Nasdaq:
- US 10-year yield:
- WTI crude oil:
1. The 'smart money' is playing tug of war with a crucial part of the Trump trade. Hedge funds and large-cap mutual funds disagree about the future prospects of the financial sector, which has been a shining spot of the Trump trade since the presidential election.
2. A secret weapon is propping up global markets: A reservoir of cash that makes it easy for investors to buy on dips. The $5 trillion in capital sitting on the sidelines is close to the highest in history, and could spell more gains for equities and bonds alike.
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