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Need to Know: These sorry stocks are soaring — and that’s a red flag

The stock market looks set to coast into the weekend with yet another up month under its belt.

That’s even though the Bank of Japan’s latest stimulus disappointed overnight, boosting safety plays like the yen USDJPY, -1.86% and helping to put U.S. stock futures slightly in the red this morning.

But you get the sense here and there that no one believes in central banks anymore, anyway.

And forecast-thwacking earnings late yesterday from Amazon AMZN, +2.16% and Google parent Alphabet GOOG, +0.56%GOOGL, +0.51% are offsetting the BOJ’s bitter pill. Those reports came after Apple AAPL, +1.35% and Facebook FB, +1.35% beat earlier in the week, so you could excuse tweets like this one:

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