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Don't trust the stock market rally — nothing fundamental has changed, strategist says

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There remains a significant chance that the Fed will be pushed into another rate hike, one strategist warns.

Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, told CNBC's"Squawk Box Europe" he doesn't trust the current equity rally because fundamentals around higher-for-longer interest rates have not changed.

LONDON — Stocks are heading for a bumper week, but there are many reasons to be wary, one strategist warned on Friday.

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