So could somebody far more in the know explain how this is happening ??
Record Rally
Get your head around this: Amid the economic and health carnage of a raging pandemic, the S&P 500 Index
closed at a record Tuesday.
The U.S. market has rallied ferociously from the March lows thanks to a surge in shares of the largest technology companies, and it's getting to the point where it's impossible to be
bearish.
The latest leg has been helped by the perception that some
indicators of the outbreak -- daily case counts, positive test rates and hospitalizations -- look to be improving in the U.S. Markets elsewhere have been far less buoyant.
European equities are stuck near the same levels they were at two months ago, and if
strategists are to be believed, that rut may drag on into the year-end.