The Globe and Mail reports in its Saturday edition that the "everything rally" of 2021 is back. The Globe's Tim Shufelt writes that year investors clamoured for the absurd returns to be made in any assets they could get their hands on -- whether they were stocks, bonds, commodities or NFTs of bored apes. The last month has seen the same kind of all-encompassing buoyancy overtake financial markets across virtually all geographies, asset classes, styles and sectors. The rise of interest rates and bond yields from the ultralow levels of the pandemic has been the dominant force in the investing world for two years now. This year has been a slow sideways grind. While the S&P 500 and Nasdaq indexes have registered strong headline gains, a handful of tech giants have been responsible for almost all of the upside. Excluding the group known as the Magnificent Seven, stocks globally were essentially flat for the first 10 months of the year. However, as inflation has receded from developed economies, a sea change in investor sentiment began. November saw risk appetite come back forcefully. The Toronto Stock Exchange rose by 7.2 per cent, with every single sector of the market registering a positive result on the month.