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Just a handful of shares accounted for almost two-thirds in the gains from the S&P 500 this 12 months. Specified their affect more than the wide market place, it was a rally that led some worrying conclusions about what may take place if it dropped steam.
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“It’s about an predicted financial acceleration later this 12 months,” said Kristina Hooper, the chief international marketplace strategist for the fund manager Invesco. “If that doesn’t come about — if we get information that shows a lot more cracks inside the economic climate — then it could be a somewhat brief rotation.”