A V-shaped Recovery from Pent-up Demand?
Last week, I had asked: Is the market anticipating a recovery, now that everyone knows the bad news? We got a clearer answer to the question this week. The two major indices continued to rise—by a little less than 6% each—and are now close to the levels of the week ended 13th March, when the first big crash, and rebound, happened. Among the big gainers from the index heavyweights were: State...
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