Six Reasons Why Stocks Are Rallying – The Wall Street Journal.

Six Reasons Why Stocks Are Rallying

By Gunjan Banerji + and Caitlin McCabe 
Investors are confronting one of the most uncertain periods of their lifetimes. Stocks are rallying anyway. 
The S&P 500 has rebounded 7.6% from its 2022 low on March 8, cutting its losses for the year to about 6%—roughly half of what they were weeks ago. In many ways, investors say, the rebound has been as broad as it has been impressive, lifting everything from travel stocks to utilities to unprofitable technology companies.
A month ago, Russia’s war in Ukraine was intensifying, sending oil prices surging to $130 a barrel and stocks sharply lower. Covid-19 cases began surging again in China. Inflation data showed that pricing pressures weren’t abating. And in the midst of all of it, the Federal Reserve kicked off a rate-hiking cycle for the first time since 2018. 

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