The bar is raised for news that can lift the market as the crowd now believes next year will be good


Traders work on the floor of the New York Stock Exchange.


For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy.

No more. Wall Street’s rally has now entered the belief phase, with stocks riding a wave of conviction at the end of a trying year that better times are surely near.

As with any collective mood shift, there are obvious and clear reasons for this one. Aside from the S&P 500 having vaulted by more than 60% since the March bottom to another record high last week, progress along most of the crucial fronts has been…


3 ETFs for the reopening trade

Previous article

October pending home sales fall, as high prices take toll on buyers

Next article

You may also like

Leave a Reply

Notify of

More in Investing