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So much gloom out there, yet the S&P 500 is up 12%. Sell-side "chasing stocks" higher but even after 9 target changes, only 5 Strategists see upside into YE. Softer inflation strengthens case for "dovish" June hike.

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So much gloom out there, yet the S&P 500 is up 12%

It is not an exaggeration to say investors just seem so gloomy. I don't have to look far. My twitter feed is full of doom and "don't chase stocks due to a looming recession." And it seems like every conversation I have with an average person believes the Fed is driving...

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