“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”
– George Soros
The Through Line: With Canadian and U.S. stocks trading at all-time highs despite the glut of mercurial headlines year-to-date, investors are nervous. Is it a bubble about to burst – or does the uptrend have staying power? While acknowledging a few fizzy factors at the margin, we point out a number of encouraging underpinnings that support continued progress.
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