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JAN 17, 2013 - Zero Hedge

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Dow Jones Closes Just Shy Of 5 Year High As Intel Beats EPS, Misses Revenue And Guides Lukewarm

Stocks surged (apart from AAPL) gloriously out of their super-narrow recent range, driven by recycled JPY rumors and some potential 'give' by the Republicans, and the rest of the risk-on complex tracked higher with it. Treasury yields pinged back to higher on the week as the S&P took out recent highs amid a very large surge in average trade size - something that often marks a climax in trend. It seems the selling of vol has hit its short-term limit (as VIX flatlined in general today) and so FX and credit were the levers today. Gold and Silver also surged on the day as Oil popped on the ... Read More

Tags: Dow Jones Closes Just Shy Of 5 Year High As Intel Beats EPS, Misses Revenue And Guides Lukewarm,  Commodities Latest News