A Stock Market Bubble? It’s More Like a Fire – The Wall Street Journal

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The stock market isn’t a bubble, but parts of it are on fire.

So far in 2020, the NYSE FANG+ index of giant technology stocks is up 78%. The Renaissance IPO ETF, an exchange-traded fund that holds recent public offerings, is up 84%. The SPDR S&P Kensho Clean Power ETF, which invests in renewable-energy companies, has gained 88%.

Meanwhile,…

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