Stock bull pain threshold swells

With Fed chair Powell giving hints of confidence the inflation war is winnable, the same spirit seems to be informing a rally that has pushed up the S&P 500 almost 17% in four months. — Reuters

ANYONE who lived through the 2020 bull market knows: investors, especially of the retail ilk, can stomach a lot of pain. However dark is the here and now, light beckons at the end of the tunnel.

It worked in the pandemic, when equities spiked in the middle of a brutal recession and stay-at-home speculators looked like geniuses when the economy bounced back.