Economics
Stock Market’s Winners Hint at Gloom Rather Than Quick Comeback
- Rallies in Amazon, Netflix don’t signal all-clear for economy
- Covid “losers” down five times more than “winners”: NDR
This article is for subscribers only.
On second thought, maybe the market is the economy.
For months, the world has wondered, how can major equity benchmarks be so euphoric when something approaching a Depression is at hand? The answer usually centers on the prescience of investors: they’re looking ahead to a rebound. But another interpretation on the 30% jump says they’re seeing something else -- months of stagnation.