Why Stocks Are Rallying in the Midst of a War and Soaring Inflation

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Why Stocks Are Rallying in the Midst of a War and Soaring Inflation
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Investors are confronting one of the most uncertain periods of their lifetimes. Stocks are rallying anyway.

, 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.

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