Is the stock market pricing in a Vâ€`shaped recovery?
(WorldNews Politics)

Background As fears of COVIDâ€`19 and its economic impacts set in, the value of the US stock market dropped by around 35 percent from its all-time peak on February 19, 2020. However, since the trough on March 23, the stock market has quickly bounced back and was less than 10 percent below its peak by the end of June. While the S&P 500 Index has benefited from the strong performance of tech giants, the recovery appeared to be broad-based, with all but one sector up by at least 30 percent from the trough. The numbers are broadly similar for the S&P/TSX Composite Index. The magnitude and speed of the recovery have been unprecedented, largely because of swift policy responses from central banks...