Can stocks shrug off bubble talk? Wall Street thinks so

You can sign up right hereLondon (CNN Business) Financial markets have been rocked by volatility in recent days as investors try to game out how to play the next phase of the pandemic.
What's happening: After plunging 4.9% last week, the tech-heavy Nasdaq Composite rallied 3% on Monday , logging its best day since November.
But Wall Street is confident that stocks can weather the storm, thanks to vaccination campaigns, ongoing support from policymakers and a resurgence in corporate earnings.
Haefele said that "notable changes in key variables," including the pandemic, fiscal stimulus, and inflation could lead to "periodic" turbulence.
But he believes the market "can rebound quickly when these different market drivers combine favorably."
Following a 13% drop in 2020, Goldman Sachs thinks earnings per share for the S&P 500 will rise by 27% in 2021.
But Wall Street thinks the broader stock market can keep pushing ahead, even if there are a few hiccups along the way.
The latest warning: One of China's most powerful financial leaders sounded the alarm over a potential bubble in global financial markets on Tuesday.
It also said that its new electric vehicles will only be sold online, my CNN Business colleague Charles Riley reports.
The targets are aggressive for a company that has only brought one fully electric vehicle, the XC40 Recharge, to market.
But they reflect a growing consensus that carmakers cannot delay the switch to electric vehicles without losing customers and angering regulators.
Investor insight: Wall Street has thrown its backing behind carmakers' electric ambitions.
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