Does the China COVID recovery point to a V-shaped US recovery?
With the COVID-19 shutdown profoundly impacting the US economy with over 30 million job losses, just one in 10 fund managers expect a V-shaped recovery according to the FT. Is this the right call? Luckily we can look to the Far East as a crystal ball and what we may have in store in the next few months.
China re-opened their economy in mid-February so they are about 3-5 months ahead of the US economy as the US is opening states at differing schedules.
What does it suggest about a V-shaped recovery? Some sectors have rebounded in a strong V, while others have been slow to recover. Let's take a closer look.
Why the Stock Market’s Rising in the Face of Bad Economic Data with Michael Ehrlich
Associate Professor Mike Ehrlich of NJIT's Martin Tuchman School of Management, talks financial bubbles, government stimulus, and market risks.