Running on 'hopium': Explaining the market rally in Wall Street's terms


Risk assets such as stocks and high-yield corporate bonds have climbed over the past two-and-a-half months despite a dire global economic outlook in the wake of the novel coronavirus pandemic. The rally has left some market observers scratching their heads but has also given rise to a bundle of jargon - some old, some new - attempting to explain recent trends.

Here's a guide to what's driving financial markets now, in Wall Street's own words. Don't fight the Fed One key factor in Wall Street's climb,.

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