Sometimes a market rally makes sense, but for many investors, the current run-up just doesn’t. Bouncing back with incredible force, the S&P 500 has gained 50% since plummeting to a low point on March 23, with the index now landing just shy of its 52-week high.This impressive charge forward has come as investors shrug off COVID-19’s devasting impact on the economy. Even the fact that the U.S. only added 167,000 employees to private payrolls in July, compared to the 1 million expected, hasn’t been able to derail this bullish trading action. On top of this, gloomy COVID-19 headlines continue to …read more
Source:: Yahoo Finance
