(Bloomberg) — Investors are scrambling for safety as risks mount, from the war in Ukraine to rising interest rates and a global recession. They have found it in the U.S. stock market — particularly the biggest American companies.
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The S&P 500 Index is up more than 8% over the past two weeks, recouping all of its losses since the Russian invasion on Feb. 24. Meanwhile, the tech-heavy Nasdaq 100 has gained almost 11% over the same span. With earnings looking strong and corporate outlooks improving, there are reasons to think these gains can hold despite the myriad risks facing global equities.
“It bothers people because they feel like the market is heartless,” Nancy Tengler, chief executive and chief investment officer at Laffer Tengler Investments, said in a phone interview. “And that’s correct.”
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The fighting set off a spike in commodity prices, stoking inflation that already…
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2022-03-27 07:00:00
