US stocks are rallying after a key survey showed inflation expectations are easing and following Fed Bullard’s optimistic comments about the economy. Hopes that inflation is peaking and that the economy is still on solid footing has some investors confidently buying up heavily discounted stocks. It seems Wall Street is starting to believe that even if the economy has a recession, it will be a short one.
This could still be a bear market rally, but that might change if we get some less pessimist
24-06-2022 13:26 GMT
by Edward Moya