A year after the coronavirus outbreak triggered a global stock market plunge, investors are weighing how much longer the recovery rally can last after a flood of stimulus pushed valuations above their pre-pandemic levels.
When the selloff started Feb. 20, optimists said it would be short-lived and largely contained to Asia. Come March, coronavirus was raging around the globe and stocks were in a bear market as investors panic-sold everything they could. A rebound fueled by unprecedented fiscal and monetary efforts has pushed global indexes back up, though economies remain fragile and life in many places is on hold amid a slower-than-expected vaccine rollout.
