MACROSCOPE No. 35: Only a V-shaped economic recovery will do now
The Nasdaq’s 45% surge from its March 23 low is the epitome of a V-shaped rebound (Figure 1). Overly optimistic investors who are banking on a similar economic recovery may be in for a disappointment. There are a growing number of signs that risk appetite is back in a big way, judging by the ease […]
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