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Markets expect a perfect 2021. Will they get it?

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US stocks reached record highs on Friday as Wall Street’s outlook becomes crystal clear: With Covid-19 vaccines on the way, investors expect the economy to undergo a spectacular rebound next year, sending shoppers on a spending frenzy and padding corporate profits.US stocks reached record highs on Friday as Wall Street’s outlook becomes crystal clear: With Covid-19 vaccines on the way, investors expect the economy to undergo a spectacular rebound next year, sending shoppers on a spending frenzy and padding corporate profits.