While market commentators continue to debate the shape of economic recovery, a quick glance at an S&P 500 price chart confirms the V-shaped recovery investors have enjoyed since the dark days of late March.
103 Days
The Great Disconnect
There has been a decade's worth of world events in the last three months. An oil price war between Russia and Saudi Arabia, growing tension and trade disputes with China, a global pandemic and this week the worst domestic civil unrest in a generation.
Baby Steps
All 50 states have now taken steps to re-open according to the Wall Street Journal. While still devastating in magnitude, many high-frequency and leading economic indicators may be past their “worst-ever” levels, showing slight improvement from their recent and historic lows.