Wall Street strategists are going all-in on reflation bets that powered global markets through last week’s U.S. political mayhem and the spreading pandemic.

Each market milestone passed in 2020 is a reminder of the Federal Reserve’s extraordinary efforts to hold things aloft -- and a belief that it’ll continue.

The Russell 2000 has advanced more than 12% since a recent low on Sept. 23 -- almost twice as much as the tech-heavy Nasdaq 100.

Investors should consider alternatives such as private credit as they search for positive yield in a world of low or negative interest rates, says Nuveen.

Not everyone sees the bottom as necessarily reached.