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In stock markets, economic reality is suspended
Published Thu, May 21, 2020 · 09:50 PM
IF EQUITY markets were forward-looking, anticipatory mechanisms, then it would seem as if the world would have little to worry about.
From the low of March 23, the broad US stock market based on the S&P 500 and the technology bellwether Nasdaq Composite Index have both risen by over 32 per ce…
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