Market's ability to ignore recession tested again.

According to Lori Calvasina, head of US equity strategy at RBC Capital Markets, the stock market may be ignoring all signs of a recession, similar to the post-WWII era. Calvasina found that the 1945 recession was the only one with no market pullback. She listed the resemblance between the government war funding in 1945 to 2020's massive Covid relief and the Fed's rate hikes as a few examples. However, she also acknowledged that there are differences between the two time periods and noted that she isn't a believer of the bull case. Her S&P 500 year-end price target is 4,100.