Standard & Poors


What’s behind the crazy market rally? A billionaire investor explains

The S&P 500 is up ~50% since its March low, and back near its all-time high. The mind-blowing rally is taking place as the economy saw its worst quarterly GDP contraction in 70+ years. WTF is going on? A popular (but unsatisfactory) answer is: “the Fed is pumping the markets.” For a more thorough explanation,

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