While the benchmark S&P 500 index has surged 34% from its March lows and the Nasdaq Composite is just 6% short of record highs, investors are more bearish than they have been in years and key measures such as unemployment and gross domestic product are giving their worst readings since the Great Depression. The dichotomy between market performance and investor sentiment echoes the “There Is No Alternative” argument that dominated investor thinking in the recent pre-Covid era, when ultra-low rates around the world and the U.S. economy’s relative outperformance pushed global investors into U.S. stocks, even as they fretted …read more
Source:: Yahoo Finance
