Market Melt-Up Continues Despite Bearish Signals and Ignored Risks
TL;DR
The stock market is experiencing a "melt-up," a term used to describe a market that won't go down even when there are headlines that suggest it should. The rally is spreading, pulling in more stocks and investors who may have been reluctant to chase it. The S&P 500 broke out on Friday and is up almost 20% from mid-October's low, signaling a potential new bull market. However, there are differing opinions on how long the rally will last, with Morgan Stanley predicting a 16% drop in U.S. corporate profits by year-end and Evercore ISI raising its year-end target for the benchmark to 4,450.
- We're in the midst of a market 'melt-up': Morning Brief Yahoo Finance
- Main Street traders are taking big risks. They might not pay off CNN
- Stock markets are ignoring a 'laundry list' of risks, strategist says CNBC
- Ethridge: There are plenty of bearish signals showing the market rally may fade CNBC Television
- Stock market needs to 'connect with economic reality' as melt-up continues Yahoo Finance
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