In Defense of the Rally: Five Pros Who Say the New Bull Has Legs

(Bloomberg) — It’s not hard to find people with a dim view of the stock rally. Just as many or more embrace it, and are happy to explain why.Conventionally defined, the S&P 500 is in a new bull market, having climbed 28% since mid-March. Indexes are poised to close higher for the third week in four, with two of the advances exceeding 10%, a feat unseen since 1933. Gains in giant tech stocks have turned the Nasdaq 100 green for the year.Believers are out there, pointing to unprecedented and swift actions by the Federal Reserve and Congress, and the propensity …read more

Source:: Yahoo Finance

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