Earlier this year, on the eve of what would have been the 11th birthday of a historic bull market, stocks started rewriting the history books in the opposite direction. As coronavirus fears gripped the world, huge daily declines piled up, leading to a bear market and an end to what some have called a magical decade. Since then, market indexes have recovered some lost ground, and now—whether it feels like it or not—stocks are in a new bull market based on the rule-of-thumb definition of having risen 20% from their low without...

Source: Wall Street Journal May 04, 2020 02:17 UTC