The Market Hasn’t Been This Hot in Decades. Is the Rally Justified?
In the midst of a major rally for U.S. stocks, some investors may be wondering if it’s too much of a good thing.The S&P 500 is up 25% since its October lows. Traders work on the floor of the New York Stock Exchange.The S&P 500 has had an extraordinary few months, any way you slice it. The index is up more than 25% from its October lows, and as Deutsche Bank Macro Strategist Henry Allen writes, “The current rally is almost unprecedented.”The index is now up 15 out of the past 17 weeks, a feat tha