What to Make of This Year’s Equity Rally

What to Make of This Year’s Equity Rally

Following the most aggressive monetary tightening cycle in the past 40 years, stock prices are approaching the threshold of a new bull market - rising almost 20% from the bear market low last October.  A cursory look at U.S. equity price movement so far in 2023 would suggest that stocks have been able to shrug off a wide range of troubling issues.

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