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Key Words: ‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd

The Dow Jones Industrial Average on Monday was off to a solid start for the week, but Scott Minerd of Guggenheim Partners says investors shouldn’t be lulled into a false sense of security amid intensifying clashes over global trade.

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Concerns about global trade confrontations, notably between the U.S. and China, have apparently taken a back seat to healthy labor market reports and the hope of strong second-quarter corporate results later in the week. The Dow, S&P 500 and Nasdaq were all on track for a third straight daily gain.

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