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Wall Street looks to leave behind the half-year bear scare

Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. Last week's resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018. Wall Street has been helped by the absence of imminent U.S. recession signals, an overt move toward policy patience by the Federal Reserve and sticky-low Treasury yields bolstering equity valuations.