Stocks Can Climb the ‘Wall of Worry’ as Long as These Anchors Remain in Place

U.S. stocks extended their astonishing rally in early Wednesday trading as investors appear content to look past a host of issues that would normally upend markets and have people shying away from riskier assets. Stocks have powered through the increasingly complicated, and at times erratic, tariff strategy of President Donald Trump. Investors appear equally unconcerned by the president’s effort to reshape the Federal Reserve into an agency more aligned to the administration’s economic goals than its Congressionally-mandated task of taming inflation and ensuring full employment.

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