Despite many negative headlines, the S&P 500 and Dow both rose about 3% on the week, and the Nasdaq 4%, their biggest gains in months.
Investors’ risk appetites are high as reflected in high flying mania stocks and demand for speculative debt.
Oil prices have dropped 20% since peaking in January, while the 10-year Treasury yield has fallen to 1.58%, both possible signs of a slowing economy or future economic turmoil.
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