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The Tell: Investors snap up stocks at fastest pace in 3 months

Investors snapped up U.S. stocks at the fastest pace in three months during the five-day trading period that ended July 12, according to data released Friday.

Analysts at EPFR, which tracks global fund flows, argued that pledges by the Federal Reserve to sustain the U.S. recovery and a commitment by the People’s Bank of China to “targeted stimulus” encouraged investors to flock back into equities. Supportive remarks by the European Central Bank, however, were drowned out by political noise surrounding the U.K.’s messy Brexit process and the accompanying battle for leadership of the ruling Conservative party, as well as worries over Italy, they said.

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