Soon To Be Erased?
Less than twenty months after it began, the bear market that engulfed the S&P 500 in early 2022 is now just 260 points away from being completely erased.
2023 has barely passed its midpoint and the market has already blown through even the most optimistic estimates for where Wall Street thought the S&P 500 might be by year end. In the process, it has constantly defied all the early-year gloom accompanied by talk of a guaranteed recession, soaring inflation and an aggressive Federal Reserve interest rate policy.
However, while it’s undeniable that the fears of a hard landing***, inflation and…
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