For weeks, skeptical market observers have been asking: Why are stocks rising? The rally seemed particularly at odds with the backdrop of a global pandemic and the worst economy in decades.
Enter reality. It is becoming clearer that the economy isn’t going to come roaring back quickly, and investors are catching on. The Dow lost 4.5% from Monday to Wednesday, its largest three-day drop since hitting bottom in March. Economically sensitive sectors such as energy and industrials were hit hardest, down 7.4% and 5.6% through Thursday,...
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paulvigna We remind millennials looking for investments that will continue bearing fruit into a future deformed by catastrophic climate change, apple trees Apple.