V-Shaped Recovery Narrative Falling Apart

Posted on June 29, 2020 10:09 am
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URL https://www.newswars.com/v-shaped-recovery-narrative-falling-apart/ 

Over the last couple of months, we’ve been arguing that we won’t see a dramatic “v-shaped recovery.”

Even if we cure COVID-19, it won’t cure the economy. But the mainstream has remained optimistic. In his podcast Friday, Peter Schiff points out some of the ways the whole v-shaped recovery narrative is falling apart.

The weekend before last, Peter speculated that we might be close to exhausting the bull market in stocks. Indeed markets were under pressure last week. The Dow was the weakest of the major indexes, falling 3.3%. The S&P 500 and the Russell 2000 were both down