New York (CNN Business) The Biden era is off to a roaring start on Wall Street, even surpassing the euphoria following President Donald Trump's upset victory in 2016. Even though President-elect Joe Biden might have (very) early bragging rights, Wall Street's post-election celebration is not solely -- or even primarily -- about Biden's victory. That's why Wall Street has largely looked past skyrocketing Covid-19 cases, hospitalizations and deaths. "There are some red flags to suggest the market is a bit overheated," said State Street's Arone. In other words, Wall Street's biggest worry at this stage of the pandemic is that things might be going a bit too well.

Source: CNN December 24, 2020 11:26 UTC