(Bloomberg Opinion) — Market commentators are shaking their heads. Wall Street heavyweights are dubious. Federal Reserve officials are warning about dim prospects for a robust recovery of the devastated pandemic economy. Yet even as the U.S. economy falters and Americans suffer more from Covid-19 than citizens of other developed countries, U.S. stocks are outpacing the rest of the world’s equities by a wider margin than at any time in at least 50 years.Illogical? Appearances would seem to say so. Loretta Mester, president of the Federal Reserve Bank of Cleveland, said this month that the recovery from the second quarter’s record …read more
Source:: Yahoo Finance
