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What Stops the Stock Market Rally?
August 2020

In terms of magnitude and shortness of time, the stock market rally since its March lows has been unparalleled.

Yet it is especially notable given negative economic reality (an annualized second quarter GDP plunge of 32.9%) and diminished company earnings (S&P500 earnings down 50%).

Will this rally continue?  If not, what stops the stock market rally?

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