Rowdy summer stock bulls catching the scent of an autumn reaping
The pressure to figure it out soon is high after a $7 trillion rally broke out in the middle of the Federal Reserve’s stiffest rate-hiking campaign in a generation. Feeding arguments to let stock bets ride are solid earnings and chart patterns suggesting the gains may last, including the S&P 500 erasing half its bear-market losses, a feat with an improbably sound record of success.