The major stock indexes continued their rise on Wednesday, buoyed by a key milestone in the development of a coronavirus vaccine despite an ongoing spike in cases across most U.S. states.
But the good days for the stock market won’t last, says David Rubenstein, a billionaire investor and co-founder of private equity giant Carlyle Group. He warned against bullish near-term market expectations, citing a disconnect between rising equity prices and a sluggish economy.
“It’s a fool’s errand to…
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