U.S. stocks have performed strongly this week. Is it a signal of a reversal, or a flashback?
The flagging U.S. stock market finally lifted its eyebrows this week. The three major U.S. stock indexes rose at least 6% this week, the first time since November 2020, as traders slashed expectations for a rate hike from the Federal Reserve, better-than-expected corporate earnings reports and rosy macroeconomic data boosted investor sentiment. . Although U.S. …