(Bloomberg) — A hawkish Federal Reserve, high inflation, war and pestilence are among the reasons to doubt the U.S. stock market rebound. Technical studies suggest such naysayers risk missing out on a run to a record high.
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Skeptics are presently fixated on proliferating inversions across the Treasury yield curve, where shorter-term yields exceed those for longer tenors. Some view that as a harbinger of an economic downturn that will hurt stocks.
While bear markets tend…
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