1,000-Point Gap Opens Between S&P Bulls, Bears

The "doubt proved misplaced," Bloomberg's Lu Wang wrote Tuesday, as US equities marched toward another day of gains. "Doubt" was a reference to last week's deluge of foreboding news encompassing everything from surging virus caseloads to the collapse of the US-backed government in Afghanistan. The same linked Bloomberg article noted that "potential dip buyers were seeing plenty of bleak headlines" during what counted as a "selloff." The "selloff" was really just a 2.8% high-to-low move in US