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Stock rout defying bulls on all fronts

The Dow sheds 1,004 points in 2 days while the S&P 500 Index is hurtling towards the second-worst December on record

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Pinning a single cause on the carnage has become an exercise in futility, with analysts cycling through a rotating list of reasons that include trade, US President Donald Trump's legal travails, China data, sinking oil and cooling home prices.

VALUATIONS aren't stopping it. Jerome Powell's softer tone failed to soothe anyone. The moratorium on tariffs is a fading memory and now the sturdiest chart level of the year is in danger of giving way.

A stock rout that bulls thought was finished three different times since October is in...

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