Economics
Melt-Up on the Mind as U.S. Stock Advance Hits Euphoria
- Global risks abound but options, positioning point to gains
- Rest of world catch-up suggests wider risk appetite growing
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U.S. stocks took the stairs during the six-month slog back from February’s market correction. Signs are mounting that investors expect them to ride the elevator even higher.
The S&P 500 Index has posted four straight all-time highs after Wednesday’s advance to gain 3.4 percent in the last 10 sessions alone, popping the benchmark above 2,900.