From Depression to Euphoria: How Cross-Asset Markets Fought Back
- Assets from corporate bonds to stocks near pre-crisis levels
- Stock markets have been pricing in a fast economic recovery
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The stock rebound from the depths of pandemic despair is giving Wall Street the lesson of a lifetime on the sheer tenacity of cross-asset bulls.
As the investing world shifts from depression to V-shaped recovery bets, the pros look set to join the mom-and-pop rally that helped push the S&P 500 into positive territory for the year.