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Need to Know: Watch out as even Fed doves fret about markets living in La-La Land

The stock market just might rack up its second weekly win in a row, depending on how today’s earnings-driven trading shakes out.

Folks sound happy that markets are zeroing in on quarterly results these days — and taking a bit of a break from obsessing over geopolitics.

Central bankers are back in the spotlight as well, with the Bank of England’s Mark Carney reviving his “unreliable boyfriend” routine and whacking the pound. So much for that post-Brexit-vote peak.

Federal Reserve Board Gov. Lael Brainard’s latest speech also ought to be grabbing everyone’s attention, says our call of the day, which comes from the Wolf Street financial blog’s Wolf Richter.

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