Look around the economic landscape and it’s not hard to find bad news: Brexit fears, another possible quarter of bad earnings, sliding oil prices, record lows for bond yields, and so on. And yet, the stock market has eclipsed its all-time highs for both the S&P 500 and the Dow Jones indexes. This dichotomy of news and market moves has some traders frustrated, according to Art Cashin, UBS’ director of floor operations and trading-floor legend.
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