The stock markets have been having a string of good days, as earnings season has been a bit less grim than expected. While aggregated revenues are down nearly 10% year-over-year, many companies have been clearing the lowered expectations bar. Writing from Wells Fargo on the current mood and prospects, equity strategist Chris Harvey describes the situation as a ‘melt up.’ He sees room for another 5% growth in the S&P 500 by year’s end.Harvey specifically noted that two policies put in place to support the economy against the corona virus shutdowns have had a boosting effect on the stock markets …read more
Source:: Yahoo Finance
