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The S&P 500 is on course for its best month since November 2020.
The S&P 500 is set for its best month since November 2020, gaining over 9% in April.
KEY POINTS
- Relative strength in equities has reached overbought levels, suggesting vulnerability to a reversal.
- The US Navy will maintain a blockade of Iranian ports, keeping the Strait of Hormuz closed.
- US business equipment orders and new residential construction both jumped in March, signaling strong economic activity.
- Bill Ackman's Pershing Square USA Ltd. fell 18% on debut despite raising $5 billion in its IPO.
COMPANIES
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