Last Updated: April 22, 2023 at 8:28 a.m. ET
First Published: April 21, 2023 at 11:24 a.m. ET
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Have you ever wondered why the stock market rises during a period of economic uncertainty? Last year, when interest rates shot up, the S&P 500 SPX fell 18.1% (with dividends reinvested), which may not have surprised many people.
But 2023 hasn’t been a year of good economic news, and we narrowly averted a banking crisis last month. Meanwhile, the S&P 500 is up 8% this year.