Why are stocks climbing when a recession looks more likely? Here’s one possible reason. - MarketWatch
1. Trump progresses on trade deals and tax cuts, easing Wall Street concerns. 2. S&P 500's recent gains reflect optimism despite looming recession fears. 3. Tariffs raised uncertainty, pushing recession odds to 60% over the next year. 4. S&P 500 saw significant declines but rapid recoveries during past downturns. 5. P/E multiples dropped below 20x due to economic and policy uncertainties.