No surprise in a Wall Street surge

With equities on the rise investors are still finding reasons to be sceptical, including the US election, oil prices, Iran and rising bond yields – yet on closer inspection these fears aren't entirely borne out.

One of my 'Ten Surprises' for 2012 was that the Standard & Poor’s 500 would reach 1400 sometime during 2012, and here we are at the beginning of the second quarter and it’s already there.

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