There were tons of people parking their money in a money market account that are moving back into the stock market. That’s a big part of it as well at least my take on it. Not that I know much, I just sort of follow it a bit.
Earnings from companies have been better than expected (they expected nothing), and many are expecting a good recovery, but most of the earnings increases have been from laying off people and cutting costs. They might be able to do it a few more quarters, but long term after we get tax increases (they have to