Wall Street Doom Prophesy Falls Flat on Hottest Rally Since 2016
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In late 2023, Wall Street worrywarts predicted that the biggest financial markets were heading into a doom scenario. However, after a strong fourth-quarter rally, the fate of the S&P 500 rested on just seven companies with uncertain earnings prospects. Hedge-fund trades were also posing a threat to the market. Despite these concerns, major assets are experiencing synchronized gains and the credit supercycle is continuing. The article highlights that the last few years of market performance have proven unkind to pundits.



https://www.bloomberg.com/news/articles/2024-03-15/wall-street-doom-prophesy-falls-flat-on-hottest-rally-since-2016