There are clear reasons for the stock market’s surge, despite the terrible pandemic news

By Neil Dutta

For the first time since the market bottomed, the US stock market and the US economy appear to be diverging.

In recent weeks, the rapid spread of the coronavirus has prompted renewed lockdowns or delays in reopening plans in some economically important states: California, Texas, and Florida, for example. This is showing up across a range of economic data.

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