Are Financial Markets None the Wiser?

Are Financial Markets None the Wiser?
AP Photo/Richard Drew
Obviously, a disaster scenario in which COVID-19 vaccine trials fail and the pandemic spins out of control would expose the ongoing equity rally as a case of irrational exuberance. But the worst-case scenario isn't necessarily the most likely, and the bears have not adequately considered the possibility of permanent positive changes. Read Full Article »


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