A Major Market Puts the Pandemic in the Rearview Mirror
A There's only one way to know when a market has moved on from a crisis... It's not necessarily after the crisis is over, either. Instead, it's when a market completely erases the losses it endured from the terrible event. I'm talking about when a market breaks back out to new highs. This simple measure is the market telling us that what used to be a concern isn't anymore. That happened for the U.S. market in August 2020. And the S&P 500 has rallied double digits since then. But many global markets have taken longer to reach new highs. Now, it's happening in German stocks. The German Stock In...