Wishful Thinking Makes This a Tough Market to Beat

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What drove this week’s wild stock swings? Wishful thinking by investors explains some of it, says columnist jmackin2

Monday brought news everyone wants, of progress toward a vaccine. The progress reported by Moderna was small, but it was enough to prompt a big shift in the market as investors bought into the idea that perhaps there could be a V-shaped recovery after all.

 

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