To the growing bewilderment of skeptics, equities continue their rally, trading as if the recovery is nigh, there will be no second-wave lockdowns, and government largesse will offset unemployment.
The S&P 500 closed at 3,232on Monday, up 44% from its March 23 low and down less than 1% year-to-date (YTD), effectively erasing its losses for the year.
“The broader equity market is beginning to buy into the idea of a rapid recovery to the extent which just two months ago I would never have...
https://www.freightwaves.com/news/can-shipping-shares-catch-wave-of-ir-rational-exuberance