The end of the year approaches and throughout the final weeks, stocks have been rallying. Over the past year, the S&P 500 has gained 14.81% and is projected to gain 10% in 2021. On the other hand, NASDAQ is up 42.16%, whereas the Dow is up 5.75%.
Despite the ongoing pandemic, data has yet to weigh in on the global markets. Economists suggest that the repercussions of our global lockdown earlier this year has yet to be seen but may be as monumental as that of the Great Depression seen 100 years ago.
With the optimism seen in the US markets, one might wonder if we may be entering a new bubble that has yet to come tumbling down. If it does come tumbling down, when will that happen?