Biotechs and banks continue to pace gains with the smallest cap stocks also up huge. Other small cap stocks (S&P 600 and Russell 2000 variations) have been doing well too. A surprising gainer has been retail, up 9% over the past five sessions. Meanwhile emerging markets have been absolute demolished. Mexico, Brazil, and South Africa are all down over 13.5%. EM, gold, and long-term bonds have also gotten hit hard.

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