Markets rose on Monday.
The S&P 500 rose 0.8 percent, the STOXX Europe 600 rose 0.7 percent and the Nikkei 225 jumped 1.8 percent.
Oil prices rose, snapping a seven-day losing streak. West Texas Intermediate crude futures jumped 5.6 percent while Brent rose 5.5 percent.
“The economic recovery is what is driving corporate earnings and the stock market to all-time highs, and we expect that to continue through 2021 and into 2022,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.
Similarly, Barclays said that “strong Q2 results have provided a fundamental justification and reinforced our confidence in the sustainability of the recovery”.
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