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Do You Believe In Miracles?
Do you believe in miracles?
Maybe you should after this year on Wall Street. 2024 wasn't supposed to be as good to equity investors as it was. Not after 2023's blockbuster gains. And yet here we are, with just two trading days left on the calendar staring at a marvel: Consecutive years of 20%+ gains for the benchmark of all risk asset benchmarks.
Evercore's Julian Emanuel, in remarks to Bloomberg for a piece dated December 29, said, "There's an element of miraculousness to it." I don't know ab
