The U.S. stock market continues to hum along. The S&P 500 Index is within a stone’s toss of new all-time highs, and optimism is brewing on Wall Street once again about the revival of pro-growth fiscal policies that appeared dead on arrival only a few days ago. But something is happening beneath the surface of capital markets. And while it isn’t exactly clear how events are going to play out associated with this brewing event, it is a development that stock investors should not ignore.
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