Stock Market Normality Returns, and It Hurts – The Wall Street Journal

Stock Market Normality Returns, and It Hurts – The Wall Street Journal

In one way this year so far looks very like last year: the benchmark 10-year Treasury yield has risen by almost exactly the same amount, a little over 0.2 percentage points. In most ways, though, it looks completely different: rather than rewarding rampant speculation, the stock market has been punishing those who bet on fashionable stocks.

Here are three ways the market seems to be returning to normal after its pandemic unruliness, plus one possible change in its long-term pattern.

Source: https://www.wsj.com/articles/stock-market-normality-returns-and-it-hurts-11641984822

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