Be careful not to assume the jump in stock prices in recent days is fueled by any renewed confidence about the economy or corporate profits. The genesis of the late-summer uptick in stock prices largely is due to central banks that are adopting easy-money policies to keep interest rates low and to promote economic growth.
Central bank action to spur borrowing at low interest rates typically gives a short-term boost to the stock market. The same central bankers also can fuel the markets by t
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: