Retail sales beat predictions and corporate merger activity raised confidence in the economy, sending the S&P 500 to its biggest daily gain so far this year. “We’re probably at the stage in the stock market cycle where good news will continue to be seen as good news,” Martin Leclerc, founder of Barrack Yard Advisors LLC, said. “I would say that after this massive move we’ve had, it does feel like the animal spirits are still resurrected.”
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