The stock market won’t take a breather just yet. Investors are going to put more money to work there in the near term, according to several indicators.
Since Oct. 28, the S&P 500 is up 10.8% in a rally lead by value stocks over growth. The economy has continued to recover, almost reaching pre-pandemic levels of output. Earnings have beaten estimates by a wider margin and with a higher frequency than they do historically.
Sure, a surge in virus cases is here, the pace of the economic