Last week delivered a fifth straight week of gains for stocks. The S&P 500 now stands 27% above its low on March 9. Stocks have moved higher as real-time indicators of economic and market conditions have improved. The LPL Financial Crisis Conditions Index has risen in each of the past five weeks. The index has rebounded to just below where it started the year and is aligned with our base case for the economy and forecast for modest gains in stocks and bonds this year.
Last week marked the start of the first quarter earnings season. Earnings related news this year. . .
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