Markets edge toward euphoria

Deadly floods in Europe and Asia, fires in the United States, Canada, Turkey and several European countries, heat domes and heat waves, and a touch of pandemic... We've had better summers. However, there is one sector that remains resilient in spite of everything: stock markets.

Nothing seems to be shaking the buying momentum, supported by very good earnings reports for the most part. The S&P 500 is at an all-time high. Seeing markets in the green has almost become the norm, even though mid-July, the downward tremors made us believe that the bull run was over.

In the US, the S&P gained 17.2% over the year and almost 4% in the last two weeks.

A buying momentum that nothing can stop (By Amandine Victor)