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Equity markets recovered in June as the US Federal Reserve turned decidedly dovish, coming in line with most central banks around the world. But after posting strong gains, to end the quarter close to a record high, how much more steam do US stocks have left?
Over the last seven months, the Fed shifted its policy stance dramatically. From a perceived hawkish bias in December, the US central bank turned neutral by February and became accommodative in June. Increasing signs of a weakening macroeconomic environment in the US and