It was a terrific April for stocks. Nonetheless, it left investors with a lot of significant questions.
The most important: do you actually believe what the markets are saying? Which is: a recovery will erupt like fireworks once everyone goes back to work.
Or, instead, do you believe the economy's overriding signal? That the coronavirus pandemic exposed shaky economic foundations across the globe that will take time to repair. And that would mean stocks have gotten ahead of themselves.
ROBUST GAINS FLIP TO LOSSES
The short answer: it's logical to expect a frustratingly slow and messy recovery—and hope you're proven overly pessimistic.
COMPQ Weekly
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