Stock Market Bent on Ignoring Economic Collapse Gets Haters
- Plenty see good reason for the dip in U.S. equities last week
- ‘Hope plays bigger role than I’m comfortable with’: Oladimeji
Photographer: John Taggart/Bloomberg
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The famous Wall Street maxim that the stock market is not the economy is getting tested like never before.
Fueled by unprecedented stimulus and a slowing infection rate for the virus, risk assets have been staging a V-shaped recovery as traders front-run a rebound in a business cycle reeling from its biggest shock in decades.