Good reasons for American stock exceptionalism – The Wall Street Journal
The S&P 500 is back at an all time high. Explaining this to someone deep in the March sale would have been difficult, but there are good reasons the United States was the first major market to set new records.
Given the reason for the initial sale, in some ways the market action is astonishing: The country has seen one of the most concentrated and deadliest outbreaks in the world in New York…
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