Wall Street Doom Prophesy Falls Flat on Hottest Rally Since 2016

News Snapshot:

(Bloomberg) -- In the telling of Wall Street worrywarts, as 2023 drew to a close, the biggest financial markets on the planet were heading into the danger zone. After a ferocious fourth-quarter rally, the fate of the S&P 500 rested on just seven companies with doubtful earnings prospects. Infamous hedge-fund trades were threatening to destabilize the already unstable Treasury market. Trillions of dollars in debt were coming due while consumers were running out of pandemic-era savings fast. More than three months later, what’s kicking off instead is a fresh bout of speculative euphoria. While the S&P 500 just ended the...