There's been a lot of Galaxy Brain takes about why stocks have rallied so hard. But in today's @markets newsletter, I argued that it's all pretty straightforward bloomberg.com/news/newslette…
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-Significant improvement in the real economy
+
-Sooner than expected
+
-Extreme investor pessimism
And you get a vicious market rally that hasn't hardly given anyone a chance to catch up or get in.
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