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John Authers

Those K-Shaped Fangs May Snap Shut on Investors

Think of this recovery like alligator jaws: You could easily get bitten.

Handle with care. — Handle with care.
Photographer: Joe Raedle/Getty Images

By

August 25, 2020, 4:54 AM UTC

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Stocks started the week strongly, and the global market is now almost at a record to match the high set by the S&P 500 in the U.S. This is obviously exciting, but markets tend to run on narratives, and another narrative is gaining strength.