Stock Market Euphoria, Steel Deal Headaches: Saturday US Briefing

Stock Market Euphoria, Steel Deal Headaches: Saturday US Briefing

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Hello and happy Saturday to you. Here in California we are seeing rain, flooding and most likely a <-bsp-bb-link state="{"bbDocId":"S8A52SDWLU68","_id":"0000018d-7001-d52b-a3af-f3f7a3b30000", "_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">mudslide or dos-bsp-bb-link>. If you think a rodent can predict the weather, there’s good news: Punxsutawney Phil signaled the beginning of spring.

It already feels like spring in the stock market. The S&P 500 rose a cheerful 1.4% over the past five days, its fourth consecutive weekly advance and a record, boosted by a successful jobs report and bullish outlooks from Meta and Amazon.com. Still, some traders say this rally is on <-bsp-bb-link state="{"bbDocId":"S88CLIT0G1KW","_id":"0000018d-7001-d52b-a3af-f3f7a3b40001","_type":"0000016b -944a-dc2b-ab6b-d57ba1cc0000"}">unstable ground-bsp-bb-link>. Initial public offerings haven’t seemed overly optimistic either, with two of the three biggest debuts this…

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