Cold-eyed investors have made good money betting against the U.S. economy over the past year. Amid persistent weakness, bonds have soared while the dollar and stocks have plunged. But nothing lasts forever. Bullish investors learned that lesson three years ago when, with both eyes on the rearview mirror, they slammed into the back of a braking economy.
Now that business shows signs of picking up, many investors are set up for another accident.
If you must look behind, look at corporate profits, which were better than expected last quarter, and at consumer confidence, which roared back in April. Fed Chairman Alan...
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