Economics
Why a Little Economic Overheating Won't Spoil the Market Rally
- Corporate profits suggest economic boom has more room to run
- Risk appetite could intensify to match previous peaks
Baird's Spencer Sees Rotation From Tech to Value Stocks
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The “Goldilocks” rally still has juice.
That perfect environment to sustain broad market gains -- when global growth is fast enough to lift corporate profits, but tame enough to keep inflation muted -- should be in effect for at least another 12 months, according to Kevin Gaynor, the head of international economics at Nomura Holdings Inc.