YOU WONT BELIEVE: Why stocks are rallying to new highs defying high interest rates - You Need To See This

Last week, the rally in U.S. stocks persisted as all major equity averages surged to or near all-time highs while interest rates remained elevated.

The S&P 500 closed at 5,303.27, up 1.60% for the week; the Dow Jones was at 40,003, up 1.25%; and the tech-heavy Nasdaq was at 16,685.97, up 2.10%.