US stocks are motoring, but investors are not ready to celebrate just yet.
This week’s gains in the blue-chip S&P 500 index mean it now stands more than 20 per cent above its October 2022 low, nudging the Wall Street benchmark into the widely-used definition of a bull market.
But persistent concerns about the true health of the US economy and anxiety over the tiny number of stocks driving gains are still sapping enthusiasm among fund managers.
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