Wall Street rallies with the Dow Jones closing at all time high

The market reaction is changing, says Kit Juckes, head of currency strategists at Societe Generale, who argues that despite "the Dow may made a new all-time high, and asset prices from housing to wine to art to the FTSE will all be dragged higher in the US equity market’s wake, fewer and fewer other markets are following suit and that is as clear a sign as any that the whole hyper-correlated easy-money fuelled move is running out of steam."