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WEKU
WEKU
Rafael Nam

Markets are surging as fears about the economy fade. Why the optimists could be wrong

Economy Inflation Jerome Powell Recession Interest Rates Saul Loeb US Federal Reserve
Traders work on the floor of the New York Stock Exchange in New York City on Jan. 18, 2023. Stocks have rallied this year on hopes about the economy, but some fear that optimism is misplaced. (Angela Weiss/AFP via Getty Images)

The good times are back on Wall Street.

Stocks have surged since the start of the year. The Nasdaq is up nearly 15% this year after posting its best January since 2001. And it's not just stocks: bonds have risen and even bitcoin has made a roaring comeback, though all markets fell a tad on Friday.

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