The Absurdity of This Rebound
April 27, 2020 at 11:53 AM EDT
Roman Chuyan, CFA We are in a severe recession – probably worse than in 2008 and the deepest since 1946. Yet, US stocks rebounded by 27% from late-March trough, now down only 16% from peak. After protecting against the entire downturn this year, we’re getting more aggressive in positioning for the...