MarketWatch – Another 2.13 million Americans filed for first-time unemployment benefits in the most recent week, the Labor Department said. That was in line with the consensus forecast among economists surveyed by MarketWatch.  While stocks appear expensive based on forward earnings estimates, “what seems to be priced in at this stage is the economy will recover much faster than previously estimated, the pandemic will soon end and life return back to normal,” said Hussein Sayed, chief market strategist at FXTM in a note.

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