Home Business Why everything is working during this latest rally to records and whether it can last

Why everything is working during this latest rally to records and whether it can last

by MD Samsuzzaman Siyam

Is this the “all-in” economy?

The rally in the last week and a half has been broad and powerful.

Everything is moving. The iShares S&P Value ETF (IVE) is at an historic high, but so is the iShares S&P Growth ETF (IVW).  Cyclical stocks (those that benefit most from a recovering economy) like transports are at new highs, but even defensive sectors like health care and consumer staples are at or near new highs.

Perhaps most confusing: The “reopening play” — stocks that would benefit from the reopening of the U.S. (and global) economy — are at new highs, but so are the “stay at home” stocks — stocks that benefit when people work from home and buy things for their home:

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