Premarket: Traders really like shares because you can find nowhere else to go

What is happening: The S&P 500, the broadest evaluate of the US inventory sector, notched a new closing history on Tuesday, erasing all its losses considering that February. The index has rallied extra than 50% from its small place on March 23.

“It is tricky to believe that, but the 2020 bear market place is officially over,” Solita Marcelli, Americas CIO at UBS Global Wealth Administration, wrote in a notice to consumers. The bear market formally lasted just about 1 thirty day period, generating it the shortest ever, according to S&P Dow Jones Indices.

So what presents? In the long … Read more