by Justin Spittler
Casey Research
U.S. stocks are defying gravity…
Earlier this week, the Dow Jones Industrial Average closed above the important level of 18,000 for the first time since July.
The S&P 500 is close to breaking its July high too. And the NASDAQ, which tracks large tech stocks, is up 16% since February.
Foreign stocks are also rallying. The STOXX Europe 600, which tracks 600 “blue chip” European stocks, is up 16% since February.