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Specialist trader Michael Pistillo, Jr. gives out a price for a trade on the floor of the New York Stock Exchange. Investors seem to be less concerned about slowing monetary stimulus and increasingly confident about the U.S. economy, despite the absence of supporting economic evidence.
Specialist trader Michael Pistillo, Jr. gives out a price for a trade on the floor of the New York Stock Exchange. Investors seem to be less concerned about slowing monetary stimulus and increasingly confident about the U.S. economy, despite the absence of supporting economic evidence.
(BRENDAN McDERMID/REUTERS)

Behind the rally: There’s plenty for the markets to like

Well, that bout of anxiety didn’t last long.

Just a day after global markets recoiled at the sight of Russian troops in Ukraine and observers expressed concern over the possibility of broader tensions between Russia and the West … poof! Someone hit the reset button.

The S&P 500 jumped to a new record high of 1,873.91, up 28.18 points or 1.5 per cent, its biggest rally of the year and more than erasing Monday’s 14-point dip. Germany’s DAX index, which just suffered its worst dip in two years, rebounded 2.5 per cent.