DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts.
Darren McCollester | Getty Images
Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy, impressive second quarter earnings and encouraging US-China trade talk progress. And while there are now a staggering 24 million cases of coronavirus worldwide, the approval of Abbott’s 15-minute Covid-19 test does provide further reopening optimism.
However the knock-on effect is that upside potential is looking increasingly limited….