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Stocks have Rallied Strongly
The U.S. stock market just had its best month since 1987. During April, the S&P 500 gained 12.7%. Since the low on March 23, stocks are up about 30%. This despite a continued torrent of bad economic news, including an enormous increase in unemployment and the onset of a serious recession. What's going on? Is the market ignoring reality?
There are always many theories that market commentators use to "explain" why the market went up or down. They always sound plausible. I've heard that stocks rallied in April