A Goldilocks economy drives red-hot stocks, while the world swelters under extreme heat. Here's your Saturday briefing
Markets are red-hot, with everyone piling into stocks, quants ramping up bond shorts and junk-bond spreads narrowing.
Data showing the US economy is thriving as the Federal Reserve beats down inflation has sent the S&P 500 to the brink of its sixth advance in seven months and pushed prices in the Nasdaq 100 to almost 35 times profit. It’s
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