Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak @bloomberg
[Past performance is no guarantee of future results] pic.twitter.com/34FsXGxYwM— Liz Ann Sonders (@LizAnnSonders) April 29, 2020
The Q1 GDP data show that the initial hole from COVID-19 was larger than expected, that the economy was weak heading into it, and consumers were already adjusting their spending behavior on their own.
— David Rosenberg (@EconguyRosie) April 29, 2020
https://twitter.com/farrisbaba/status/1255314022402064387
Reopening won’t be like flipping on a switch. Barring a miracle cure, people will be afraid to return to the old normal, meaning the V-shaped recovery many once hoped for is a pipe dream https://t.co/TSDQpXidZN
— Bloomberg Opinion (@opinion) April 29, 2020