Wall of Worry
“Climbing the wall of worry” is a market saying that describes how stock prices tend to rise even when investors are subject to negative news, fear and heightened uncertainty. Investors have several developments to worry about currently with oil prices spiking, private credit concerns and inflation moving higher. Despite these developments, many domestic equity indices have recently reached record highs, begging the questions: why have equities been so strong, and is the move sustainable?
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