Volatility Rampant in Stock Market Where Optimism Still Abounds
- Equity put-to-call ratio hovers below the historic average
- Smallest options traders are boosting their bets on a rally
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The threats to the bullish case for stocks keep piling up.
Days after Congress all but ended its pursuit of a bipartisan Covid relief package, a lineup of Federal Reserve speakers warned that no new stimulus could doom the nascent economic recovery. The resurgent virus has sparked fresh restrictions in Europe, while the U.S. death toll topped 200,000 as investors speculate a vaccine remains months away.