By Nigel Somerville | Saturday 16 May 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Equity markets have had a startling run since posting coronavirus lows back in March. It seems to me that the appetite for risk hadn’t been dented and most seemed to believe in the V-shaped recovery theory once the economies around the world had reopened. Most startling for me is that the Nasdaq was actually up on the year so far. That seems to me to be utter lunacy: I see an “L”-shaped non-recovery for the time being.
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