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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - Russ Koesterich
The Dow Jones industrial average on Tuesday surged convincingly past its previous record and landed at an all-time high of 14,253.77, fueled by record corporate profits and the loose money policies of global central banks.
"For the first time since World War II, we're no longer getting a tailwind," says Russ Koesterich, chief investment strategist at BlackRock, the world's largest money manager. "You're going to create fewer jobs. ... All else equal, wage growth will be slower."