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Back-From-Dead Stocks Show Near-Limitless Tolerance for Trouble

  • ‘Optimism has won’ over the long run, says G Squared’s Greene
  • ETF investors have poured $245 billion into equities this year
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JPM's Kelly Sees Stocks Return To All-Time Highs as 'Eminently Doable'

Name all the economic rationales you want for the rebound, there’s something to be said for just having a high threshold for pain.

That may be the simplest explanation for the recent path of US stocks, which just strung together the longest streak of weekly gains in almost a year, despite evidence a recession is at hand as the Federal Reserve battles inflation. The economy cools, war flares and officials vow further hikes -- and investors somehow look past it, pushing tech stocks tracked by the Nasdaq 100 into a bull market on Wednesday.