Boom Boom Pow: Have Stocks Already Priced in Economic Boom?

“With green all around us again now that winter is over (I know, in Naples FL where I live it’s always green); vaccines and herd immunity continuing to bring COVID cases down; and the economic reopening kicking into higher gear; the data is starting to shine. Across economic metrics—from gross domestic product (GDP) to retail sales to job growth—boom conditions are evident. So why have U.S. stocks had a fairly muted response (today’s strength notwithstanding); with range-bound trading (and two pullbacks) since mid-April? Could market “disconnect” again from economy?” Continue reading.

(Source: Charles Schwab & Co., Inc.)
13-minute read.