‘Animal Spirits’ Spotted In Never-Ending Stock Rally

"Bear" is an extremely relative term these days when it comes to equities. To say harboring overtly dour notions about stocks has been painful in 2021 would be to materially understate the case. To be sure, there were bumps in the road, although it may not have felt like it. September was a bit rough, for example, and there's been no shortage of drama at the sector and style level. Indeed, the ebb and flow of the re-opening trade and the vagaries of the reflation narrative engendered notable f

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