NKLA - Are We in a Stock Market Bubble? These 3 Stocks Say Yes
Is the stock market a huge bubble right now?
That question has been on a lot of investors' minds. The recovery in equities this spring took a lot of investors by surprise, but it may have been justified: Data suggested the economy could come back to life, the federal government had stepped in to provide unprecedented levels of support and boost investor confidence, and the numbers of new daily COVID-19 diagnoses were steadily declining.
Fast-forward to July and the U.S. economic recovery appears to be grinding to a halt as new COVID-19 infections spike to new highs across much of the country. However, the stock market has held on to its gains. The Nasdaq is now up more than 17% for the year and is setting new all-time highs. Even the S&P 500 is only down by about 2% year to date.