Driving stocks’ broad rebound over the first seven weeks of the year are several of last year’s black sheep, including Tesla, the always volatile electric vehicle company helmed by the U.S.’ second-richest man Elon Musk.... [+]Tesla is the best-performing stock listed on the S&P 500 year-to-date, rising 69%, while the other five best-performing S&P constituents are streamer Warner Bros.
Other notable gainers this year are fellow streamers Paramount and Disney , Silicon Valley technology giants Nvidia and Meta and other leisure travel stocks like Norwegian Cruise Line and Caesars Entertainment .
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Ever since the establishment got rid of Trump, defense stocks have been outperforming. Wonder if there’s any connection there…