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It’s as if the stock market adopted Bobby McFerrin’s “Don’t worry, be happy” as its record-breaking mantra last week.
It certainly had the potential to be an ugly week. The number of Americans hospitalized with Covid-19 crossed 90,000 for the first time, and Thanksgiving celebrations were much more muted than usual. Unemployment claims surged for a second week in a row, signaling further weakness in the labor market. Even questions about the results of AstraZeneca’s Covid-19 vaccine trial (ticker: AZN), which …
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