The Rumbling Sound in U.S. Stocks Is the Return of Risk Appetite
- Volatile, most-shorted, smaller stocks outperformed this week
- Outlook still murky but extreme valuation gap lures investors
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Beneath the din of earnings, clanging economic alarms and the blare of a political circus, U.S. investors are quietly rediscovering their nerve.
With the S&P 500 just touching a record, it may sound odd to suggest there was a lack of confidence to begin with. But gains this year have been built on caution as investors chased the safest, most bond-like shares.