Is this a bear market rally? S&P 500, Nasdaq, Dow saw big July gains

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During July inflation hit a new high, the Fed continued to aggressively raise interest rates, the economy contracted for the second quarter in a row – igniting more fears that a recession is around the corner. 

Yet stocks are seemingly oblivious.

The S&P 500 and Nasdaq Composite had their biggest monthly gains since November 2020. And the Dow Jones Industrial Average had its biggest monthly gain since March 2021.



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