Prices have rebounded from lows in March as the dollar retreated and the Federal Reserve signaled it will keep interest rates low, even with signs of rising inflation.
The risk taking that marked the beginning of the year in the stock market may not have gone away, but rather turned its attention for the time being to a more lucrative venue.
Two of the biggest exchange-traded funds tracking the hundreds of special purpose acquisition companies that popped up over the past year are trading at or near all-time lows.