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Market Snapshot: ‘It’s a melt-up’: U.S. stocks are on an unusually strong run heading into the holidays

The U.S. stock market has been on a tear as it heads toward the holiday season. 

“It’s a melt-up,” said Zhiwei Ren, managing director and portfolio manager at Penn Mutual Asset Management, in a phone interview. “It’s a very bizarre rally,” he said, expressing concern over the speed of the rebound from September’s pullback.

All three major…

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