Coronavirus recovery: why the market rally makes perfect sense – but is likely to end in tears

//Coronavirus recovery: why the market rally makes perfect sense – but is likely to end in tears

Coronavirus recovery: why the market rally makes perfect sense – but is likely to end in tears

On Wednesday, the benchmark S&P 500 equity index briefly surpassed its all-time high reached on February 19, just before the eruption of Covid-19 sent global markets into a tailspin. The dramatic recovery in stocks plays into the prevailing narrative that asset prices are dangerously detached from reality.How is it possible, many financial commentators and investors ask, that the S&P 500 has gained 51 per cent since March 23 in the face of the most severe global recession since the Great…

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By | 2020-08-13T16:15:10+00:00 August 13th, 2020|Business|Comments Off on Coronavirus recovery: why the market rally makes perfect sense – but is likely to end in tears