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Archive of entries posted on 7th April 2020

Short-term short covering. Maybe a V-shaped recovery? Maybe.

Short-term short covering. Hard to believe it’s a V-shaped recovery in stocks when 25% of the U.S. economy is shut down; there is so much devastation in key industries — travel, real estate, retail, restaurants, small business  — and vast swaths of manufacturing are still closed. The “conventional wisdom” is that the stock market tells […]