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Rally Risks
"The stocks" are probably due for a breather.
US shares came into Jerome Powell's speaking engagements this week riding their best streak of gains since 2021.
The seven-day rally pushed the S&P near 4,400, or 500 points above Mike Wilson's year-end target, for those of you who contextualize the market and otherwise orient yourselves by way of Wilson's forecasts.
The cumulative gain over that stretch is 6.4%, a nice bump to be sure.
You can thank, in no small part, relief at the long-en
