ANALYSIS: Shadow falls over US equities as hopes of swift recovery fade
After a blistering rally, stocks are now feeling the effect of concerns voiced by top officials
14 May 2020 - 09:46
A lightning-quick rally in US equities is showing cracks, as investors face mounting evidence that the economy’s coronavirus-fuelled woes may be far longer-lasting than many had anticipated.
For weeks, hopes that massive stimulus from the Federal Reserve and the US government would set the stage for a recovery later in the year fuelled a blistering rebound in stocks even as the worst drop-off in jobs since the Great Depression slammed the economy...
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