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Strong summer rally sets record

Thursday, 1 Aug 2013 | 12:00 PM ET

The FMHR traders share their best plays as the S&P 500 breaks the 1,700 level for the first time. And CNBC's Steve Liesman weighs in on what to expect from this Friday's job numbers. Also Paul Richards, UBS, joins in to discuss if the Fed will begin tapering in September.